Wholesale houses contracts, as facilitated by platforms like Property Mob, typically involve agreements between a wholesaler and a property owner or seller. These contracts outline the terms and conditions under which the wholesaler will purchase the property from the seller at a discounted price, to assign or resell the contract to another buyer for a profit. Specify the agreed-upon purchase price at which the wholesaler will buy the property from the seller. This price is typically lower than the market value to allow the wholesaler to profit upon resale. Detail the amount of any earnest money deposit provided by the wholesaler to secure the contract. This deposit is often held in escrow until closing. Set a date by which the closing of the sale must occur. This date allows both parties to plan for the transfer of ownership and any associated paperwork.