For example, a wholesaler finds a motivated homeowner and gets a distressed property under contract for $200,000. Then, they market the property to their buyers list. A flipper sees potential and agrees to buy the home for $210,000.
Next, they sell or assign that contract to another buyer before the sale contracts' deadline. It's worth noting that Georgia law doesn't require a real estate license to wholesale properties. Finding the right property requires research, consistency, and a dash of intuition.
Published . A wholesale agreement binds a supplier and a customer and establishes the business's rights and obligations between the two parties.
Here are the key elements to include in your wholesale contract template: Parties Involved: Names of the seller(s) and buyer(s), along with their signatures. Legal Description: Property description, street address, assessor parcel number (APN), and type of property.
Here are the steps to write a letter of agreement: Title the document. Add the title at the top of the document. List your personal information. Include the date. Add the recipient's personal information. Address the recipient. Write an introduction paragraph. Write your body. Conclude the letter.