Definition
Contracting to buy a property and assigning that contract to another buyer for a fee.
Example
The wholesaler never took title, assigning the contract at closing for a $14,000 fee.
Related terms
Frequently asked questions
What does Wholesaling mean in real estate?
Contracting to buy a property and assigning that contract to another buyer for a fee.
How is Wholesaling used in practice?
The wholesaler never took title, assigning the contract at closing for a $14,000 fee.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.