Wholesale house contracts are legal agreements used in the real estate industry when a wholesaler enters into a contract with a seller to purchase a property at a discounted price. These contracts outline the terms and conditions of the agreement, including the purchase price, the closing date, and any contingencies or special provisions.

In a wholesale house contract, the wholesaler acts as an intermediary between the seller and a potential buyer, often an investor. After securing the contract, the wholesaler has the right to market and sell the property to the buyer for a higher price, thereby earning a profit.

The contract typically includes clauses that protect the wholesaler's interests, such as assigning the contract to another buyer if needed or allowing for an inspection period. It's important for both parties to carefully review and understand the contract to ensure that all terms are agreed upon and legally binding.

Wholesale house contracts require clear communication and negotiation skills to navigate the transaction successfully. It's essential to comply with local laws and regulations regarding real estate contracts and disclosures to ensure a smooth and lawful transaction.

Overall, wholesale house contracts provide a framework for wholesalers to acquire and resell properties at a profit, while also offering opportunities for buyers and investors to find discounted real estate deals.