Is Wholesaling Allowed in Delaware?

[Kelly Claiborne]

Hello, 

Is wholesaling allowed in Delaware? If so, are there any attorneys that you can recommend ? 

[Karen Rittenhouse]

@Kelly Claiborne

Wholesaling is a normal selling transaction and, therefore, should be perfectly legal in all states. Simply contact a local real estate attorney to confirm.

To wholesale, you have purchased a property. Once you purchase, you can do anything you want with it. And, because you own it, you do not need a license of any type. You can for-sale-by-owner or use an agent to sell.

When you sell a property wholesale, you simply mark it up a small amount from your purchase price (the word "small" is relative to what you paid and the ARV - many investors have made six figures off a wholesale deal) and typically sell in a "relatively" short time frame.

Assignments are not necessarily legal in all states but that is an entirely different type of transaction.