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Metro Detroit • 7 wholesalers profiles
Assignment Contracts in Metro Detroit
Compare local wholesalers who assign purchase contracts to cash buyers. Get a free consultation, read every term, and decide with confidence.
5Featured pros
7Wholesalers profiles
6Metro counties
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Rebuild Detroit is not a real estate broker, does not verify property condition or title, and does not give legal or financial advice; information here is general.
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$35,000
ARV $120,000 (wholesaler estimate)
3 Bed Single Family in Detroit
3 bd 1 ba 1,000 sq ft
📍 Detroit, MI 48219 Address locked
Posted by Jonathan
$65,000
ARV $140,000 (wholesaler estimate)
3 Bed Single Family in Detroit
3 bd 1 ba 1,472 sq ft
📍 Detroit, MI 48219 Address locked
Posted by Jonathan
$25,000
ARV $130,000 (wholesaler estimate)
4 Bed Single Family in Detroit
4 bd 2 ba 1,851 sq ft
📍 Detroit, MI 48227 Address locked
Posted by Jonathan
Featured assignment contracts pros
Top Assignment Contracts Pros in Metro Detroit
Featured spots are paid placements shown first. The Verified badge records dated checks; other listed businesses have not been verified yet. Confirm current licensing, insurance and written scope with each provider.
Belal Abdurahman
Verified
Flipping Detroit
Verified
Jonathan
Verified
K&T INVESTMENTS LLC
Claimed
Pedro Means
Claimed
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Before you hire
Assignment Contracts in Detroit: what to expect
An assignment contract in Detroit is how most wholesale deals change hands: a wholesaler signs a purchase agreement with a seller, then assigns the right to buy that property to an investor for an assignment fee. The investor steps into the contract and closes directly with the seller, usually through a title company in Wayne, Oakland or Macomb County.
For sellers, the key is knowing up front that your buyer may assign the contract, and that the person who closes may not be the person you met. For investors, the key is that you are buying a contract position, not a finished product: inspection, title and occupancy are still yours to check. Much of Detroit's investor inventory is older brick and frame housing with deferred maintenance, so due diligence windows matter.
Browse Metro Detroit wholesalers, or compare a double closing if the purchase agreement does not allow assignment.
What a good engagement 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
What drives the fee
- 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
Rebuild Detroit does not publish fees. Ask each attorney to explain the fee basis in writing and compare.
Licensing and legal checks in Michigan
Michigan has no separate wholesaler license, but the Occupational Code defines a real estate broker broadly (MCL 339.2501): anyone who, for a fee, sells or offers to sell real estate or negotiates a sale for others. Selling your interest in a purchase contract is generally treated differently than marketing a house you do not own, but where that line falls depends on the facts. Ask whether the wholesaler holds a license through the State License Search, and have a real estate attorney review your contract.
Many Michigan purchase agreements are assignable unless they say otherwise, but some sellers and some bank or estate sales prohibit assignment. Read the clause before you sign or pay.
Verify: Michigan State License Search MCL 339.2501: real estate broker definition Wayne County Treasurer: Auctions and Claims How We Vet
How to compare attorneys
- 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.
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Common questions
Assignment Contracts in Detroit: 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.
Ask for past closings you can confirm through the title company, read their standard contract, check any license on the State License Search, and compare verification status in How We Vet.
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