This is the binding text you are signing. Anything you fill in above is reflected here in real time.
Wholesale
Wholesale Land Sale Agreement
Equitable Interest Assignment Contract
This Wholesale Land Sale Agreement ("Agreement") is entered into as of June 29, 2026, by and between:
Seller: ______________________________________ (hereinafter referred to as "Seller")
Buyer / Assignee: Louie Group and/or assigns (hereinafter referred to as "Buyer")
Property Address: ___________________________________ (hereinafter referred to as "Property")
Legal Description (if applicable): __________________________________________
Parcel ID / APN: ________________________________________________
1. PURCHASE PRICE & PAYMENT
The total purchase price for the Property shall be $____________________. The full purchase price shall be paid in full to Seller at closing.
Payment Method: __________________________________________
2. TERMS & CONDITIONS
a) Seller shall disclose to Buyer any known facts that materially affect the value or desirability of the Property.
b) If Buyer is unable to complete the purchase for any reason other than unknown issues discovered during the feasibility study period, the earnest money deposit shall be forfeited to Seller as total liquidated damages, and Buyer shall be released from any further obligation under this Agreement.
c) If Seller cannot provide clear and marketable title, or does not allow a feasibility study, Buyer will be released from any further obligation under this Agreement. Otherwise, Seller promises to sell under the terms herein.
d) Buyer will, at Buyer’s sole expense, perform a feasibility study to determine whether the Property is suitable for Buyer’s desired use. The feasibility study period shall last until the closing date.
e) Closing Agent / Title Company is located at: ____________________________________
f) If the Property must be rezoned, Buyer will, at Buyer’s sole expense, obtain rezoning from the appropriate government agencies.
g) This Agreement is contingent upon Buyer’s ability to assign this contract to an end buyer. Seller acknowledges and consents to Buyer’s right to assign this Agreement, in whole or in part, to any third party without further consent of Seller.
h) Buyer’s equitable interest in the Property is established upon execution of this Agreement. Buyer reserves the right to market the Property and/or assign this Agreement prior to closing.
i) Time is of the essence with respect to all dates and deadlines set forth in this Agreement.
3. EARNEST MONEY DEPOSIT
In consideration of the sum of $________________, the Earnest Money Deposit shall be deposited by Buyer within ________ business days of execution and held at the closing attorney’s office or title company.
The Earnest Money Deposit shall be applied toward the purchase price at closing.
4. ASSIGNMENT FEE (WHOLESALE FEE)
Buyer intends to assign this Agreement to an end buyer for an assignment fee of $__________________ (the "Assignment Fee"). The Assignment Fee shall be paid directly to Buyer at or before closing and is separate from the purchase price owed to Seller.
5. TAXES & CLOSING COSTS
Taxes shall be prorated as of the closing date. Any prior years’ unpaid taxes shall be paid by Seller at or before closing. All attorney closing fees, title search fees, and customary closing costs shall be paid by Buyer unless otherwise agreed in writing.
6. CLOSING DATE & TITLE
Closing shall occur on or before 30 days from the date signed below by Seller, with a default of 30 days if not specified. Seller grants any extension needed to clear title or complete closing documentation, not to exceed an additional 45 days.
Title shall be conveyed by Warranty Deed or other customary instrument of transfer, free and clear of all encumbrances, liens, judgments, and assessments. All liens against the Property shall be satisfied and paid at closing by Seller.
7. SELLER’S REPRESENTATIONS & WARRANTIES
a) Seller represents that Seller has full legal authority to sell the Property and that no other person or entity has an ownership interest unless disclosed in writing.
b) Seller represents that the Property is not subject to any pending litigation, foreclosure, bankruptcy, or governmental action that would impair the sale.
c) Seller has not entered into any other agreement to sell the Property to any other party.
8. DEFAULT
In the event Seller defaults under this Agreement, Seller shall refund to Buyer the full Earnest Money Deposit within 5 business days, and Buyer shall be entitled to pursue any and all remedies available at law or in equity.
9. ADDITIONAL TERMS
________________________________________________________________________________
ELECTRONIC SIGNATURE
Seller agrees that an electronic signature — a typed legal name and a drawn signature image submitted through this website — is intended to be the legal equivalent of a handwritten signature, as permitted by the Electronic Signatures in Global and National Commerce Act (E-SIGN) and applicable state law.
This document is a legally binding agreement. Both parties are strongly advised to seek independent legal counsel prior to signing.