How Does Wholesaling Real Estate Work in Texas? A Seller's Guide
If a company has offered to buy your house and the paperwork says the buyer can assign the contract, you have probably met a wholesaler. So how does wholesaling real estate work in Texas? In short, a wholesaler signs a contract to buy your house, then sells their spot in that contract to another buyer before closing, and keeps the difference. This guide walks through the steps, how the money moves, and the written disclosure Texas law requires, using a Texas City homeowner as the example. The author works with House Buyers Texas. This post is general information, not legal advice. For a specific contract, talk to a Texas real estate attorney. How does wholesaling real estate work in Texas? Wholesaling works in two contracts: one between you and the wholesaler, and a second between the wholesaler and an end buyer. The wholesaler never needs to own your house for a single day. First, the wholesaler agrees with you on a price and signs a purchase contract with you. That contract give...