A wholesale house contract, also known as an assignment of contract or a purchase agreement, is a legal document used in real estate transactions. It plays a significant role in the wholesale real estate business model.

When engaging in wholesaling, investors often use wholesale house contracts to secure a property under contract to assign or sell the rights to purchase the property to another buyer. This contract allows the wholesaler to control the property without actually taking ownership of it.

The wholesale house contract outlines the terms and conditions of the agreement between the wholesaler and the seller. It includes important details such as the property address, purchase price, closing date, inspection period, and any contingencies or special provisions.