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Updated over 10 years ago on . Most recent reply

Account Closed
  • Wholesaler
  • Philadelphia, PA
0
Votes |
2
Posts

New PA investor needs wholesaling contracts

Account Closed
  • Wholesaler
  • Philadelphia, PA
Posted

Hey BP community. i was wondering if anyone has info on where i can purchase wholesaling contracts for the state of Pennsylvania? I have standard purchase and sale agreement and assignment contracts but not sure if the wording and clauses apply to PA.

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Mary B.
  • Real Estate Investor
  • Lansdowne, PA
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Mary B.
  • Real Estate Investor
  • Lansdowne, PA
Replied

Co-signing on what Sabrina wrote. I'm in PA and use a Standard Purchase and Sale Agreement that clearly states this contract is assignable under the laws of the State of Pennsylvania.

You can use the same contract whether you are purchasing to keep to fix and flip or to wholesale.

Now if you are talking about the contract that you use to write the agreement between you the wholesaler and the cash buyer that is a different wording. You should have a real estate attorney in your team and have them draw you up one to keep on file as well as to review contracts / agreements that you received from others.

Kudos,
Mary

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