Get Immediate Access to Our Wholesale Assignment Contract Template

The purpose of this wholesale assignment contract template is to assign a real estate purchase and sale agreement to another buyer after placing a property under contract. It lists the details of the property assignment, assignment fees, and any additional elements of a property purchase assignment. It includes various provisions that may be needed if you plan to assign a contract to another buyer (commonly referred to as 'wholesaling'). It is important to note that your real estate purchase and sale agreement must have assignment rights allowing you to assign it to another buyer when using this wholesale assignment contract template. It is important to review all sections, customize them to your specific assignment arrangement, and seek validation from legal and financial professionals before formalizing the assignment agreement.

Other Documents You May Need With The Wholesale Assignment Contract Template

It’s important to note that the Assignment Agreement is different from a purchase and sale agreement (PSA), which serves as the primary agreement between a buyer and seller in the property purchase process. The purpose of a PSA is to list the property purchase details, provide property information, outline specific purchase terms between the buyer and seller, and address financing arrangements, among other crucial elements of a property purchase. This Assignment Agreement is designed to then assign that PSA to a new buyer. You can find a copy of our Wholesale Purchase & Sale Agreement on our templates page.

While we have provided this template to assist you with a real estate assignment process, additional documents and clauses may be necessary. These could be specifically required by the county, city, and state to process your assignment. It is important to do your due diligence and seek validation from a local legal professional before finalizing the agreement to ensure that all required documents and clauses are included in your arrangement.

Note that this Wholesale Assignment Contract Template is created for buyers looking to wholesale and assign properties. If you’re evaluating the sale of your property, then you should use our Purchase and Sale Agreement Template for Sellers.