Wholesale Purchase & Sale Contract

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Hey guys and gals. Hope all is well with your RE Business ventures. This is a contract for the Purchase & sale of real estate in wholesale transactions. This is very detailed but simple to use and if need be you can easily change some of the verbiage to cater to your business needs. Hope this helps your business become more efficient!

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Comments

No, subject to is a technical term when you purchase a home subject to the seller retaining the existing mortgage.

Etienne Toussaint | 21 days ago

Has anyone used this contract in New York City?

Chris D. | 3 months ago

Equity slot,remains a mystery

Edgard Diaz | 4 months ago

this contract has 2+ weasel(escape) clauses, you should all be safe if you have to back out

William Smith | 9 months ago

What happens if you get a purchasing agreement for a house and don't have I buyer for it, or the buyer backs out on you?

Abram Edawrd Inman | 10 months ago

I third Rashad's questions, can anybody clarify? I'll repost his question: What do you put in the following categories: -Equity? -Subject to, and the "$______" slot?

Mohammad Haidarasl | over 1 year ago

Hi can I use this in Florida and would it work for a commercial property? Mobile home park?

Angel Ruiz | almost 2 years ago

so if I put Subject to cupcakes raining from the sky, its a safe escape clause?

Kevin K. | about 2 years ago

so if I put Subject to cupcakes raining from the sky, its a safe escape clause?

Kevin K. | about 2 years ago

Nothing happens when I try to download the file??

Account Closed | about 2 years ago

I believe the "subject to" is what's known as a 'weasel clause'. You can essentially put anything you want there...a lot of people will include something like "subject to favorable financing" or "subject to business partner's approval" to give themselves an easy back-door out of the contract should anything go wrong.

Aaron Ormiston | about 2 years ago

I have the same question what goes in the subject to?

Wilmer Feliciano | over 2 years ago

Will this contract work in California? Thanks in advance!

Brad Turley | over 2 years ago

Does anyone know; if this contract would work for deals in New York? I can edit a few items on the contract. But I just wanted to know, before I attempt to take it down to a court house. An advantage, can be a beautiful thing.

Raymond Weston | about 3 years ago

i think the subject to may be the earnest money, equity would be sale price less earnest money?...but thanks Ryan

Armando Ramirez | almost 4 years ago

We successfully used this contract and simply just removed that line.

Ryan Dossey | almost 4 years ago

I second what Rashad asked. Any ideas?

Chris Campbell | almost 4 years ago

What do you put in the following categories: -Equity? -Subject to, and the "$______" slot?

Rashad S. | almost 4 years ago