Wholesale house contracts refer to legal agreements that establish the terms and conditions between a wholesaler and a buyer for the purchase and sale of properties. These contracts facilitate the wholesale real estate business, where wholesalers find distressed or undervalued properties and enter into contracts to buy them at a discounted price.

The wholesale house contract typically outlines important details such as the property address, purchase price, closing date, and any contingencies or special provisions. It may also include clauses related to the assignment of the contract, allowing the wholesaler to sell their rights to another buyer for a fee.

These contracts serve as a means of protecting the rights and interests of both parties involved and provide a clear framework for the transaction. They help ensure transparency, minimize risks, and provide a legal basis for the transfer of ownership.