THE DEAL DESK

Do the homework.
Then do the deal.

A few useful tools for checking the numbers, getting the paperwork in order, and knowing what to ask before you commit.

Good paperwork starts
before closing day.

Read the contract. Check the numbers. Bring in your closing team.

EDUCATIONAL DRAFT · ATTORNEY REVIEW REQUIRED

Assignment contract template

A starting point for assigning a buyer’s rights under an existing purchase agreement. Includes space for the parties, property, fee, deposits, consent, closing terms, and signatures.

This is not a state-approved or ready-to-sign form. It does not transfer ownership of a property or replace required state disclosures. Have a local real estate attorney adapt it to your contract and transaction.

Download editable Word draft Download printable PDFFree download · No sign-up needed
4-page draft · Updated October 4, 2026

BEFORE YOU COMMIT

Four checks worth slowing down for.

Know what you have under contract.
Read the purchase agreement and every addendum. Confirm the seller, legal description, assignment clause, required consent, and deadlines before you market your interest.
Check the property and the numbers.
Walk the property with permission. Get repair bids, check permits and occupancy, and compare recent sold properties. Budget for financing, closing, holding, selling, and surprises.
Get the closing team involved early.
Ask a local real estate attorney and your title or escrow provider to review the assignment, title issues, deposits, and closing instructions. Confirm wire instructions through a trusted phone number.
Put the whole agreement in writing.
Document the assignment fee, deposit credits, deadlines, disclosures, and any side agreements. Confirm who owes what and what happens if the deal does not close.

DEAL BREAKDOWNS

Look past the asking price.

Sample case studies. All figures below are illustrative. These are not closed Wholr deals or customer testimonials.

Charlotte, NCSample 01

3 bed · 2 bath · Single-family

A cosmetic rehab with room for the unexpected.

Fresh paint and a new kitchen can look straightforward. This example leaves room for carrying costs and a repair contingency before calling the numbers workable.

Assumed resale value (ARV): $285,000
Contract purchase price: −$182,000
Estimated repairs: −$38,000
Assignment fee: −$10,000
Other budgeted costs*: −$24,500
Illustrative buyer margin Before income tax: $30,500

*Closing, financing, holding, selling costs, and a contingency allowance.

Get a written scope from a contractor. A $10,000 repair overrun would bring this example’s margin down to $20,500.

Tampa, FLSample 02

3 bed · 2 bath · Single-family

A bigger rehab needs a tighter budget.

The gap between price and ARV is only the starting point. Here, a full rehab and the cost of holding and reselling the property use most of that gap.

Assumed resale value (ARV): $335,000
Contract purchase price: −$210,000
Estimated repairs: −$60,000
Assignment fee: −$12,000
Other budgeted costs*: −$31,000
Illustrative buyer margin Before income tax: $22,000

*Closing, financing, holding, selling costs, and a contingency allowance.

Check insurance, permits, and recent sold comps. A 5% lower resale price would reduce this example’s margin to $5,250.

An assignment fee is gross compensation to the assignor, not their net profit. ARV and costs are assumptions; actual returns can be lower or negative.

KNOW YOUR MARKET’S RULES

Wholesaling laws vary by state.

Where the property sits matters. Licensing or registration, advertising, written disclosures, cancellation rights, and contract assignment rules can differ by state and transaction. A downloadable form cannot settle those questions for you.

Before marketing or signing, ask a real estate attorney licensed in that state to review the purchase agreement, your role, and all required disclosures. Check current rules with the state real estate regulator. Wholr provides educational information, not legal, tax, or investment advice.

See two examples of state-specific rules

Texas: TREC Rule §535.6 addresses written disclosure of equitable interests and the distinction from brokerage. Read TREC’s rules (opens in a new tab)
Oregon: The Real Estate Agency describes a residential wholesaler registration requirement and exceptions for certain license holders. Read Oregon’s guidance (opens in a new tab)

Official sources checked October 4, 2026. These examples are not a complete legal guide; rules and exceptions can change.

Ready to put the numbers to work?

Browse the deals

Assignment contract template

A starting point for assigning a buyer’s rights under an existing purchase agreement. Includes space for the parties, property, fee, deposits, consent, closing terms, and signatures.

Wholesaling laws vary by state.

See two examples of state-specific rules

Texas: TREC Rule §535.6 addresses written disclosure of equitable interests and the distinction from brokerage. Read TREC’s rules (opens in a new tab)
Oregon: The Real Estate Agency describes a residential wholesaler registration requirement and exceptions for certain license holders. Read Oregon’s guidance (opens in a new tab)

Official sources checked October 4, 2026. These examples are not a complete legal guide; rules and exceptions can change.

Assignment contract template

Four checks worth slowing down for.

Know what you have under contract.

Check the property and the numbers.

Get the closing team involved early.

Put the whole agreement in writing.

Look past the asking price.

A cosmetic rehab with room for the unexpected.

A bigger rehab needs a tighter budget.

Wholesaling laws vary by state.

Assignment contract template

Four checks worth slowing down for.

Know what you have under contract.

Check the property and the numbers.

Get the closing team involved early.

Put the whole agreement in writing.

Look past the asking price.

A cosmetic rehab with room for the unexpected.

A bigger rehab needs a tighter budget.

Wholesaling laws vary by state.