Wholesaling Real Estate in Virginia & Maryland: Seller and Partner Guide
Seller & deal partner guide · Virginia & Maryland · Updated October 30, 2026
In a real estate wholesale assignment, a buyer contracts to purchase a property and then transfers their contractual interest to another buyer, often for an assignment fee. The wholesaler may have a contract interest without owning the property. Sellers and prospective buyers should understand who will close, what can be assigned and how compensation is handled before signing.
This guide explains practical questions for Virginia and Maryland transactions. It is especially relevant when comparing an investor offer or submitting a deal to Jitu Investment Group. An assignment is not the same as a promise that the original buyer will purchase the property with their own funds.
Assignment, direct purchase and double closing
- Direct purchase: The named buyer closes on the purchase and takes title.
- Contract assignment: The buyer transfers rights under the purchase contract to an assignee. The contract and applicable law determine whether assignment is permitted and what consent or notices are needed.
- Double closing: Two separate purchases occur: an intermediary acquires the property and then resells it. Each closing needs its own funding, documents and settlement review.
Ask which structure is proposed. Do not treat a person advertising a contract interest as the recorded property owner. Have the closing professional confirm the chain of contracts, title and funds needed for the actual closing.
Virginia: repeated contract activity raises licensing questions
Virginia Code § 54.1-2100 includes compensated dealings in real estate contracts, including assignable contracts, on two or more occasions in a 12-month period within its real estate broker definition. This is a reason to check licensing before repeated wholesale activity. It is not a blanket statement that every transaction below that count is exempt from all requirements.
Ask about the person’s role, licensing where required, authority to market the opportunity and the proposed compensation. Use a Virginia real estate attorney for the facts of the transaction rather than relying on a generic assignment template.
Maryland: written assignment disclosures matter
Maryland Real Property § 10-715 addresses wholesale transactions involving owner-occupied residential property within its definitions. It requires written notice to the owner before the purchase contract that the wholesale buyer may assign it. It also requires disclosure to the prospective assignee before assignment that the wholesale seller holds an equitable interest and may not be able to convey title.
The statute provides pre-closing rescission rights when the required notices are missing, including a deposit-refund right for an assignee who rescinds under its terms. Its scope and exceptions matter. Have counsel check the applicable transaction; do not assume these provisions apply identically to vacant land or every investment property.
Questions sellers should ask about a wholesale offer
- Who is expected to buy at closing? Ask whether the named buyer intends to close directly or seek an assignee.
- What happens if an end buyer is not found? Read contingencies, termination rights, deadlines and earnest-money provisions.
- What will I receive? Request a written estimate of seller proceeds after the agreed costs, payoffs and adjustments.
- Who may enter or advertise the property? Agree on access and marketing authority while respecting tenants and occupants.
- Who handles settlement? Confirm the closing professional and review the documents before transferring funds.
What to send Jitu when bringing a deal
Jitu Investment Group welcomes opportunities involving single-family houses, townhouses, multifamily properties and vacant land in its Virginia and Maryland service areas. A useful initial submission includes the location, asking price, estimated repairs, occupancy, timeline and an authorized photo or property link.
State whether you are the owner, a wholesaler or a licensed agent. Explain the relevant contract or listing context and any proposed assignment or compensation. Describe repair estimates as estimates, and label comparable-sale assumptions clearly. A list price, projected resale value or pending transaction is not a verified sale or realized profit.
Use the Bring Us a Deal form for the initial overview. Share only information you are authorized to provide. Do not upload identification, bank details, confidential seller financial records or contracts through that form. Any purchase or compensation terms need separate review and written agreement; submission does not guarantee acceptance or a fee.
Choosing the next step
If you own the property and want to compare selling options, request a property review or call 703-794-5776. If a proposal includes payments over time or an existing mortgage, also read our creative financing checklist.
General educational information, not a contract form or individual legal advice. Requirements depend on the property, parties and activity; use qualified local professionals for your transaction.