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Sterling Heights, Macomb County

Assignment Contracts in Sterling Heights, MI

Compare wholesalers & investor services who handle assignment contracts in Sterling Heights, see what the job includes, and get free quotes in minutes.

Assignment Contracts in Macomb County
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Assignment Contracts in Sterling Heights

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The job

What assignment contracts usually includes

  • A written purchase agreement that states whether it can be assigned
  • A separate assignment agreement naming the new buyer and the assignment fee
  • Earnest money terms: who holds it and when it becomes nonrefundable
  • Inspection and access period for the end buyer
  • Title commitment ordered through a title company
  • Clear disclosure to the seller that the contract may be assigned
  • Closing date, possession date and who handles occupants
Price

What drives the cost of assignment contracts in Sterling Heights

  • Size of the assignment fee the wholesaler adds on top of the contract price
  • Earnest money amount and whether it is at risk
  • Property condition and the repair scope the end buyer must budget
  • Title issues such as liens, unpaid taxes or water bills
  • Whether the house is vacant or occupied
  • Closing costs, recording fees and title insurance split between parties
  • Time left before the contract closing date
  • The age of the home: the typical Sterling Heights home was built around 1977, so older materials, lead-safe rules and hidden damage can add time

Before you hire in Sterling Heights

Lead-safe work rules apply to most homes

The typical home in Sterling Heights was built around 1977. Painting, window, siding and remodeling work that disturbs paint in homes built before 1978 must follow the EPA lead-safe (RRP) rule. Ask any contractor for their RRP certification before work starts.

Mid-century and newer systems

Most homes here date from 1977 or later. Original furnaces, water heaters and roofs from that era are well past their service life, so replacement planning matters more than repair.

Permits: check with the Sterling Heights building department before work starts.

Compare quotes

How to compare assignment contracts quotes

  • Ask for the signed purchase agreement and the assignment agreement before paying anything.
  • Confirm the contract allows assignment and the closing date is realistic.
  • Order your own inspection and a title commitment.
  • Ask whether the wholesaler holds a Michigan real estate license and how they are paid.
  • Have an attorney review both documents, especially earnest money terms.

Other wholesaler services in Sterling Heights

Assignment Contracts near Sterling Heights

Assignment Contracts in Sterling Heights: FAQ

Michigan has no specific wholesaling statute, but broker licensing rules can apply depending on how the deal is marketed and negotiated. Talk to a Michigan real estate attorney about your situation.
There is no set price. What you pay depends on the assignment fee, earnest money, closing costs, title work and the repairs the property needs.
If the purchase agreement is assignable, the seller usually does not sign again, but good practice is to disclose the assignment in writing. If the contract bars assignment, it cannot be assigned without the seller's consent.
Compare the pros on this page, starting with verified and claimed profiles, or send one free request and it goes to pros who serve Sterling Heights.
It depends on the scope. Ask the Sterling Heights building department, and expect a licensed contractor to pull any permit the job needs.

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2026 lists

The 2026 list

For wholesalers: be one of 5 on the Best Wholesalers for Assignment Contracts in Sterling Heights of 2026 list5 of 5 spots left
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