Wholesale Real Estate Agreement

WHOLESALE REAL ESTATE AGREEMENT

Parties and Contact Information

Property Identification

Purchase and Assignment Terms

Seller agrees to sell and Wholesaler agrees to acquire the property described above on the terms set forth below. The parties acknowledge that Wholesaler intends to assign its rights under this agreement to a third-party end buyer, subject to the assignment provisions contained herein.

Inspection Period: Wholesaler shall have a period of days from the effective date to complete inspections and terminate this Agreement if unsatisfied. If Wholesaler does not timely terminate, this Agreement remains in full force.

Financing Contingency: Financing contingency applies — Wholesaler must deliver written notice within the inspection period to invoke financing contingency; absence of notice constitutes waiver.

Closing Date: Closing shall occur on or before or such earlier date as the parties may agree in writing. Time is of the essence.

Possession Date: Possession shall be delivered to on subject to existing tenancies and rights.

Title, Closing Costs, and Prorations

Title: Seller shall convey marketable title by general warranty deed (or other agreed form) free of liens except as disclosed. Title shall be conveyed subject to matters of record and other permitted exceptions agreed in writing. Wholesaler may obtain a preliminary title report at its expense.

Closing Costs: Unless otherwise agreed in writing, closing costs shall be allocated as follows: Seller shall pay for ; Wholesaler shall pay for . Prorations shall be made as of the closing date.

Representations, Disclosures and Warranties

Seller represents and warrants that Seller is the lawful owner of the property with authority to enter this Agreement; there are no pending actions which would impair transfer; no undisclosed material defects exist to Seller's knowledge; and Seller will cooperate in good faith to facilitate closing.

Disclosures (select applicable):
Lead-based paint present? Yes No
Mold or water intrusion history? Yes No
Prior material structural or fire damage? Yes No

Assignment Provisions

Wholesaler shall have the right to assign this Agreement or its rights hereunder to one or more third parties without prior consent of Seller, provided that any assignee assumes Wholesaler's obligations in writing and closing occurs consistent with the terms herein. Assignment shall not relieve Wholesaler of liability if an assignee fails to perform.

Default, Remedies and Termination

If Wholesaler fails to close as provided and such failure is not excused, Seller may retain the earnest money as liquidated damages, rescind this Agreement, or seek specific performance or damages. If Seller fails to deliver title or otherwise breaches, Wholesaler may terminate and recover any deposit or seek specific performance.

Indemnity and Insurance

Each party shall indemnify and hold the other harmless from claims arising from its negligent acts or breaches of representations herein. Wholesaler is advised to obtain appropriate insurance and waives reliance on Seller's unverified statements not expressly set forth in writing.

Notices

All notices, demands or communications required or permitted shall be in writing and delivered to the addresses provided in this Agreement by personal delivery, overnight courier, or certified mail, return receipt requested, or other method agreed in writing by the parties.

Miscellaneous Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state where the property is located. Venue for disputes shall be in a court of competent jurisdiction in that state.

Entire Agreement: This Agreement, including any written attachments and addenda signed by both parties, constitutes the entire agreement between the parties and supersedes all prior oral or written statements and negotiations. Amendments must be in writing and signed by both parties.

Attorneys' Fees: In the event of litigation to enforce this Agreement, the prevailing party shall be entitled to recover reasonable attorneys' fees and costs incurred.

Execution

Effective Date: This Agreement is effective as of the date last signed below (the "Effective Date").

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