Wholesaling Real Estate In Detroit, MI In 2026?

Population 632,464 · #27 largest of the 500 cities we rank · data for October 2026

Market tierBGood market
REI CASH INDEXData by REI Cash Index · October 2026
Population
632,464
#27 of 500
U.S. city population
Avg sale price
$75k
Zillow Home Values ↗
Avg days on market
35 days
Average pace
Zillow, Oct 2026 ↗
Active listings
3,086
Zillow map, Oct 2026 ↗
Cash sales (12 mo)
🔒
Sep 1, 2025 – Sep 1, 2026
Cash market value (12 mo)
🔒
Sep 1, 2025 – Sep 1, 2026
Months of inventory
🔒
Active ÷ monthly sales, Oct 2026
Cash buyer rank
🔒
Members only
Pending listings
🔒
Zillow map, Oct 2026
Sold listings
🔒
Zillow map, Oct 2026
Pivot your market in 5 minutes. See Detroit's cash sales, months of inventory, rank, pending and sold — and every city side by side.
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Sources: Zillow Home Values · Zillow active listings · cash sales Sep 1, 2025 – Sep 1, 2026 compiled by REI Cash Index

Detroit, MI wholesaling: key facts

  • Detroit, MI is a B-Tier market for real estate wholesaling (good market), scored 22 of 36 points by REI Cash Index for October 2026.
  • Homes in Detroit average 35 days on market before going pending (last checked Oct 15, 2026 from Zillow).
  • The average home sale price in Detroit is $75k (data from Zillow Home Values).
  • Detroit has a population of 632,464, the #27 largest of the 500 U.S. cities REI Cash Index ranks.
  • Detroit has 3,086 active home listings (last checked Oct 15, 2026 from Zillow).
  • Michigan is a title company state, which works in a wholesaler's favor: closings usually run through a title company (escrow), and a wholesaler-friendly title company closes assignments and double closes faster and with less back-and-forth than an attorney.
  • Michigan has no wholesaling-specific statute in REI Cash Index's October 2026 review; general contract and real estate licensing law still applies.
  • REI Cash Index lists 8 wholesaler-friendly title companies & attorneys (closers that already handle assignments and double closes) and 6 novation-friendly agents in Detroit.

Source: REI Cash Index, October 2026 (Zillow listing data and county cash-sale records).

About the Detroit, MI housing market

Detroit offers a high-volume environment for wholesalers, backed by a population of 632,464 and a deep pool of motivated sellers. The city's housing stock consists heavily of older, single-family brick homes, rental properties, and historic neighborhoods that attract substantial investor interest. With an average sale price of $74,742 and an average of 35 days on market, transactions move quickly when properties are priced realistically.

However, operating in Detroit requires clear margin discipline. The market holds elevated inventory, with 3,086 active listings, giving buyers plenty of options to compare against your contracts. Lower purchase prices can also cap your assignment fees compared to higher-cost metros. Even so, the sheer volume of distressed housing and active landlord buyers solidifies Detroit as a dependable B-Tier wholesaling market.

Wholesaling real estate in Detroit

Your best exit in Detroit is assigning classic wholesale contracts directly to landlord and rental buyers who seek cash-flowing assets. Because end-buyer price points are modest, novations are hard to execute cleanly, making traditional assignments and double closes your primary strategies. Closings are typically handled through a local title company utilizing escrow.

When marketing, focus on tired landlords and distressed inherited homes to capitalize on the deep seller pool. Keep your acquisition prices tight so your spread holds up against competing inventory. From a regulatory perspective, no wholesaling-specific statute was found in our October 2026 review. Build relationships with dependable title agencies and move fast once under contract.

Is Detroit good for wholesaling and novations?

Wholesaling (assignments)

Hard for wholesaling

  • ✓ Deep cash-buyer pool
  • ✓ Big seller pool
  • ✕ Too much inventory
  • ✕ Low prices cap your fee
Novations

Hard for novations

  • Homes average 35 days on market, an average pace for retail listings.
  • Inventory is high, so retail buyers have choices and negotiate.
  • At $75k on average, agent fees eat most of a novation spread.
6 novation-friendly agents ↓
Who closes in Michigan

Title company state

  • Michigan closings usually run through a title company (escrow), a plus for wholesalers: title companies tend to close assignments and double closes faster than attorneys.
  • Michigan has no wholesaling-specific statute in our review.
8 wholesaler-friendly title companies ↓

Based on this month's numbers and REI Cash Index rules. Attorney / title-company practice and state rules are a summary, not legal advice.

Michigan wholesaling rules: no wholesaling-specific statute in our October 2026 review. General contract, marketing and licensing rules still apply.

What makes Detroit a good market

  • Deep cash-buyer pool. Cash sales over the last 12 months are among the strongest of the cities we track — more end buyers to assign to.
  • Big seller pool. 632,464 residents means a large pool of distressed and motivated sellers to market to.

What makes Detroit a hard market

  • Too much inventory. Months of inventory is in buyer's-market territory. Cash buyers can wait for the next price drop, so they offer low or pass.
  • Low prices cap your fee. At $75k on average, there is little room between contract and resale for an assignment fee.

Best exit strategies for Detroit

Ranked for Detroit on this month's numbers. Open a card for the step-by-step.

1

Assignment (classic wholesale)

You put the house under contract, then sell your right to buy it to a cash buyer for an assignment fee. You never take title.

Why it fits Detroit
  • Cash buyers are active here, so assigned contracts find takers.
How it works

Step by step

  1. Sign a purchase contract that lets you assign it (buyer named "your name and/or assigns"), with an inspection period long enough to find a buyer.
  2. Open escrow with a title company or attorney that closes assignments, and send them the contract on day one.
  3. Market the deal to your cash buyers; collect a non-refundable deposit from the buyer you pick.
  4. Sign an assignment agreement: the buyer steps into your contract and pays your fee at closing.
  5. The buyer closes with the seller; your fee shows on the settlement statement.

What you need

  • A contract that allows assignment
  • A closer that accepts assignments (see the list on this page)
  • A buyers list and proof of funds from your buyer

Costs

Lowest-cost exit: one closing, paid by the buyer. Your fee is visible to the seller and the buyer.

Watch out for

  • Some states require written disclosure or a license to assign (see the state rules on this page).
  • A large visible fee can upset a seller or buyer at the table; a double close keeps it private.
  • FHA / bank-owned and some short-sale contracts can't be assigned.
2

Landlord / rental buyers

Sell (or assign) the deal to buy-and-hold investors who care about rent and cash flow more than resale price.

Why it fits Detroit
  • An average price of $75k fits buy-and-hold math.
How it works

Step by step

  1. Pull rent comps for the property.
  2. Show the numbers buy-and-hold buyers use: rent, taxes, insurance, repairs.
  3. Market to landlords, property managers and rental funds.

What you need

  • Rent comps
  • A landlord buyers list

Costs

Same as an assignment or double close, depending on how you sell.

Watch out for

  • Landlords pay less for properties that need big repairs.
  • Rising taxes and insurance shrink what landlords can pay.
3

Double close

Two closings back to back, usually the same day: you buy from the seller (A to B), then sell to your end buyer (B to C). Your profit stays private because each side sees only its own settlement statement.

Why it fits Detroit
  • Plenty of cash buyers to line up the B-to-C side.
How it works
Wet (funded) double close

You pay for the A-to-B purchase with your own cash or transactional funding, the deed records to you, then you sell B-to-C. Accepted by most title companies and underwriters.

Dry double close

The end buyer's (C's) money pays for your A-to-B purchase in the same session. Many title companies, underwriters and lenders don't allow it, so ask first and get it in writing.

How to get transactional funding

  • Transactional funding is a 1–2 day loan that pays for your A-to-B purchase and is repaid from the B-to-C sale.
  • Lenders usually want: both signed contracts, the end buyer's proof of funds or loan approval, and a title company they approve.
  • Typical cost is a percentage of the loan (often in the 1%–3% range) plus a flat fee, paid from your proceeds. Compare quotes.
  • Line up the lender before you sign the end buyer: send the lender's requirements to your title company and confirm both closings can fund the same day.

Step by step

  1. Sign the seller contract (A-B) and the end buyer contract (B-C) for the same property.
  2. Pick a closer that does double closes (wet or dry) and tell them up front which one.
  3. For a wet close, arrange transactional funding (or your own cash) for A-B.
  4. Close A-B, record the deed, then close B-C right after; the B-C proceeds repay the funding and pay you.

What you need

  • A closer that does double closes
  • Transactional funding or your own cash (wet)
  • An end buyer whose funds are ready the same day

Costs

Two sets of closing costs (and in some states two transfer taxes) plus the funding fee: budget it into your spread.

Watch out for

  • Retail buyers with FHA loans may face "seasoning" rules on a property you owned for only a day.
  • Some states treat repeated double closes as licensed activity; check the state rules.
  • If B-C falls through after A-B closes, you own the house: only close A-B when C is ready.

General education, not legal, tax or financial advice. Rules differ by state; confirm with your closer and a local real estate attorney.

Your marketing isn't the problem. Your market is.

You're paying for mail, PPC and skip tracing, or burning afternoons on cold calls, to lock up deals that won't move. When a market slows down, it doesn't matter how good your contract is. Cash buyers stop answering.

  1. Days on market climbHomes sit 45, 60, 90 days before anyone bites.
  2. Supply piles up5+ months of listings for buyers to pick from.
  3. Prices slipSellers cut, comps drop, your spread shrinks.
  4. Buyers back offYour buyers list lowballs you or goes quiet.
  5. The contract diesOr you assign it for a fraction of the fee.

The fix isn't more marketing. It's a market where buyers are hungry, and five numbers tell you which one that is.

Five numbers that tell you if Detroit will buy your deals

Each faint dot is one of the 500 cities we rank. The pin is Detroit. Locked pins are what members see.

Cash sales: proof the buyers are already here

🔒
Thin0–150Building150–500Deep500–1,500

Every cash sale is an investor who closed in the last 12 months. A deep pool means you can build buyer relationships fast, assign in days, and pivot into a new market with confidence instead of hope. A thin pool means you can lock up a great contract and have no one to sell it to.

Members see Detroit's exact cash sales, cash market value and cash buyer rank. Unlock for $29

Stop guessing your market. Pick it.

REI Cash Index puts every number above in front of you for Detroit and every city we track, so you can decide where to pivot with real data. You save on marketing, spend less time talking to sellers you can't help, and sell your deals faster.

  • Cash sales and cash market value for the last 12 months
  • Months of supply, pending and sold listings, worked out for you
  • Cash buyer rank for 2,500+ U.S. cities, side by side
  • Wholesaler-friendly title companies, attorneys and novation agents, with contact details
  • New numbers every month, so you see a market turn before your buyers do

What picking an easier market gets you

  • Lower cost per leadYour marketing lands in zip codes where sellers and buyers both show up.
  • Fewer wholesalers racing youLess competition stealing deals before you get them under contract.
  • Buyers asking for moreHungry cash buyers who want your next flip or rental.

Your first month

$29

then $49 a month

Start for $29

Less than one motivated-seller lead costs in most markets.

What an easier market is worth

Now$15,000
2× in an easier market$30,000
3×$45,000

A year of membership is $568. Doubling your month pays it back 26× in the first month alone.

Wholesaler-friendly title companies & attorneys in Detroit

Ranked by investor points (assignments 30, novations 20, investors / double closes / creative finance 10 each, listings 10). 8 closers · 3 confirmed for assignments · 0 for novations · 2 for double closes

Confirmed Only the business says so No Not confirmed · Verified by: phone call RCI member company reviews forums · Tap a row for the sources.

  1. 1Title company, Clarkston, MI4.5(220)GoogleInvestors (Confirmed: Works with investors; Verified from forums (4); Said by the business only)Assignments (Confirmed: Allows assignments; Verified from forums (3))Novations (Reported by the business: Closes novations)Wet double close (Confirmed: Wet double close; Verified from forums (2))Dry double close (Not confirmed: Dry double close)Creative finance (Confirmed: Creative finance (sub-to, land trusts, contracts for deed); Verified from forums (2))76/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 4 sources · members onlySaid by the business only 1 source · members only
    • Allows assignmentsVerified from forums 3 sources · members only
    • Closes novationsNo source yet.
    • Wet double closeVerified from forums 2 sources · members only
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)Verified from forums 2 sources · members only

    Background-checked October 2026: 4 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  2. 2Title company, Romeo, MI4.2(32)GoogleInvestors (Confirmed: Works with investors; Verified from forums (3); Said by the business only)Assignments (Confirmed: Allows assignments; Verified from forums (4))Novations (Not confirmed: Closes novations)Wet double close (Confirmed: Wet double close; Verified from forums (3))Dry double close (Won't do it: Dry double close)Creative finance (Confirmed: Creative finance (sub-to, land trusts, contracts for deed); Verified from forums (4))66/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 3 sources · members onlySaid by the business only 1 source · members only
    • Allows assignmentsVerified from forums 4 sources · members only
    • Closes novationsNo source yet.
    • Wet double closeVerified from forums 3 sources · members only
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)Verified from forums 4 sources · members only

    Background-checked October 2026: 6 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  3. 3Title company, Pontiac, MINo reviews yetInvestors (Confirmed: Works with investors; Verified from forums (1); Said by the business only)Assignments (Reported by the business: Allows assignments; Said by the business only)Novations (Reported by the business: Closes novations; Said by the business only)Wet double close (Reported by the business: Wet double close; Said by the business only)Dry double close (Not confirmed: Dry double close)Creative finance (Reported by the business: Creative finance (sub-to, land trusts, contracts for deed); Said by the business only)47/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 1 source · members onlySaid by the business only 1 source · members only
    • Allows assignmentsSaid by the business only 1 source · members only
    • Closes novationsSaid by the business only 1 source · members only
    • Wet double closeSaid by the business only 1 source · members only
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)Said by the business only 1 source · members only

    Background-checked October 2026: 0 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  4. 4Title company, Detroit, MI4.1(66)GoogleInvestors (Confirmed: Works with investors; Verified from forums (4); Said by the business only)Assignments (Confirmed: Allows assignments; Verified from forums (3))Novations (Not confirmed: Closes novations)Wet double close (Not confirmed: Wet double close)Dry double close (Not confirmed: Dry double close)Creative finance (Not confirmed: Creative finance (sub-to, land trusts, contracts for deed))46/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 4 sources · members onlySaid by the business only 1 source · members only
    • Allows assignmentsVerified from forums 3 sources · members only
    • Closes novationsNo source yet.
    • Wet double closeNo source yet.
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)No source yet.

    Background-checked October 2026: 3 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  5. 5Title company, Brighton, MI5.0(1)GoogleInvestors (Reported by the business: Works with investors; Said by the business only)Assignments (Reported by the business: Allows assignments; Said by the business only)Novations (Reported by the business: Closes novations; Said by the business only)Wet double close (Reported by the business: Wet double close; Said by the business only)Dry double close (Not confirmed: Dry double close)Creative finance (Reported by the business: Creative finance (sub-to, land trusts, contracts for deed); Said by the business only)44/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsSaid by the business only 2 sources · members only
    • Allows assignmentsSaid by the business only 2 sources · members only
    • Closes novationsSaid by the business only 2 sources · members only
    • Wet double closeSaid by the business only 2 sources · members only
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)Said by the business only 3 sources · members only

    Background-checked October 2026: 0 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  6. 6Title company, Clinton Township, MI4.5(190)GoogleInvestors (Confirmed: Works with investors; Verified from forums (3); Said by the business only)Assignments (Reported by the business: Allows assignments; Said by the business only)Novations (Not confirmed: Closes novations)Wet double close (Reported by the business: Wet double close; Said by the business only)Dry double close (Not confirmed: Dry double close)Creative finance (Not confirmed: Creative finance (sub-to, land trusts, contracts for deed))36/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 3 sources · members onlySaid by the business only 2 sources · members only
    • Allows assignmentsSaid by the business only 1 source · members only
    • Closes novationsNo source yet.
    • Wet double closeSaid by the business only 1 source · members only
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)No source yet.

    Background-checked October 2026: 2 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

  7. 7Title company, Birmingham, MI4.9(195)GoogleInvestors (Confirmed: Works with investors; Verified from forums (2))Assignments (Reported by the business: Allows assignments)Novations (Not confirmed: Closes novations)Wet double close (Not confirmed: Wet double close)Dry double close (Not confirmed: Dry double close)Creative finance (Not confirmed: Creative finance (sub-to, land trusts, contracts for deed))31/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsVerified from forums 2 sources · members only
    • Allows assignmentsNo source yet.
    • Closes novationsNo source yet.
    • Wet double closeNo source yet.
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)No source yet.

    Your business, or you closed with them?

  8. 8Title company, Dearborn Heights, MI4.2(49)GoogleInvestors (Reported by the business: Works with investors; Said by the business only)Assignments (Reported by the business: Allows assignments; Said by the business only)Novations (Not confirmed: Closes novations)Wet double close (Not confirmed: Wet double close)Dry double close (Not confirmed: Dry double close)Creative finance (Reported by the business: Creative finance (sub-to, land trusts, contracts for deed); Said by the business only)31/100 pts investor points
    Members see this closer's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsSaid by the business only 3 sources · members only
    • Allows assignmentsSaid by the business only 2 sources · members only
    • Closes novationsNo source yet.
    • Wet double closeNo source yet.
    • Dry double closeNo source yet.
    • Creative finance (sub-to, land trusts, contracts for deed)Said by the business only 2 sources · members only

    Background-checked October 2026: 0 forum mentions, no red flags. Members see the full report.

    Your business, or you closed with them?

Questions to ask a Detroit closer before you send a contract
  1. Will you close an assignment, and how does my assignment fee show on the settlement statement?
  2. Do you close novation deals, and do you have a novation agreement your attorneys approve?
  3. Wet double close, dry double close, or both? Which transactional lenders do you accept?
  4. How fast is a title commitment usually back, and who orders payoffs and lien searches?
  5. Where is earnest money held, and how fast is it receipted?
  6. Can sellers sign remotely (mobile notary or remote online notarization)?

Know a title company or attorney in Detroit that works with investors? Listed here and something's wrong? Tell us. Businesses do not pay to be listed.

Novation-friendly real estate agents in Detroit

Ranked by investor points (assignments 30, novations 20, investors / double closes / creative finance 10 each, listings 10). 6 agents · 0 confirmed for novation listings

Confirmed Only the business says so No Not confirmed · Verified by: phone call RCI member company reviews forums · Tap a row for the sources.

  1. 1Real estate agent, Troy, MI5.0(918)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

  2. 2Real estate agent, Detroit, MI5.0(407)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

  3. 3Real estate agent, Dearborn, MI5.0(256)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

  4. 4Real estate agent, Ferndale, MI5.0(202)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

  5. 5Real estate agent, Novi, MI4.9(3,199)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

  6. 6Real estate agent, Royal Oak, MI4.9(3,037)GoogleInvestors (Not confirmed: Works with investors)Novations (Not confirmed: Lists novation deals)As-is listings (Not confirmed: Lists as-is / wholetail)Not verified for investors yet6/60 pts investor points
    Members see this agent's full profile
    • Name, address and click-to-call phone
    • Website, Google Maps, Yelp and BBB links
    • The sources behind every check: phone calls, RCI members, reviews, forum posts
    • Background check: reviews, complaints, forum mentions and red flags

    Get Access Now Member login

    How each check was verified

    • Works with investorsNo source yet.
    • Lists novation dealsNo source yet.
    • Lists as-is / wholetailNo source yet.

    Your business, or you closed with them?

Questions to ask an agent before a novation listing
  1. Have you listed a property under a novation agreement? Which brokerage, and how did it close?
  2. Does your broker allow novation listings, and who signs the listing agreement?
  3. How do you price and photograph as-is properties, and what are typical days on market in Detroit?
  4. Commission or flat fee for investor listings, and who pays it at closing?
  5. Which title company or attorney do you use for novation closings?

Know a novation-friendly agent in Detroit that works with investors? Listed here and something's wrong? Tell us. Businesses do not pay to be listed.

Agents who work with flippers in Detroit

We're still matching Detroit's recent investor purchases to the agents who list and sell them. Check back soon.

Wholesaling in Detroit: common questions

Is Detroit, MI a good place to wholesale real estate?

Yes. Detroit is a B-Tier market (good market) in the REI Cash Index for October 2026, scored on population, cash sales, days on market, months of inventory and average sale price. Its strength: deep cash-buyer pool. Cash sales over the last 12 months are among the strongest of the cities we track — more end buyers to assign to. The catch: too much inventory. Months of inventory is in buyer's-market territory. Cash buyers can wait for the next price drop, so they offer low or pass.

How long do houses take to sell in Detroit?

Homes in Detroit average 35 days on market before going pending (October 2026). Under 15 days means buyers are hungry; over 45 days means too much supply and buyers asking for lower prices. Detroit is a steady market.

What is the average home price in Detroit?

The average home sale price in Detroit is $75k (October 2026). That is below the investor sweet spot, so spreads are thin and many homes need heavy repairs.

Are there cash buyers in Detroit?

Detroit has a deep cash-buyer pool based on 12 months of cash home sales tracked by REI Cash Index. That means investors are actively closing here, so you can line up end buyers for assignments. Members see the exact cash sale count, cash market value and rank.

Is wholesaling real estate legal in Michigan?

Yes. Michigan has no wholesaling-specific statute in REI Cash Index's October 2026 review; general contract and real estate licensing law still applies. This is a summary, not legal advice; confirm with a local real estate attorney.

Do I need a title company or an attorney to close a wholesale deal in Detroit?

Michigan is a title company state, which works in a wholesaler's favor: closings usually run through a title company (escrow), and a wholesaler-friendly title company closes assignments and double closes faster and with less back-and-forth than an attorney. REI Cash Index lists 8 wholesaler-friendly title companies & attorneys in Detroit, ranked by investor points.

Can you do a novation in Detroit?

Yes. A novation lists the seller's house on the MLS and you sell it as-is or after light work, so you need a novation-friendly agent and a market where listings move. At 35 days on market, Detroit is a steady market. REI Cash Index lists 6 novation-friendly agents in Detroit.

REI CASH INDEX

Is Detroit your next market — or a trap?

Cash sales, days on market and months of inventory for 2,500+ U.S. cities, ranked for wholesalers and refreshed monthly.

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More Michigan markets

Grand Rapids, MIWarren, MISterling Heights, MIAnn Arbor, MILansing, MIDearborn, MILivonia, MITroy, MIWestland, MIFarmington Hills, MIFlint, MIWyoming, MI

Similar-size cities

Washington, DCBoston, MALas Vegas, NVPortland, ORLouisville, KYMemphis, TNBaltimore, MDMilwaukee, WI

Market data is compiled monthly from public listing data (Zillow) and county cash-sale records. Grades and strategies come from REI Cash Index rules on that data. State rules are a summary from October 2026, not legal advice — confirm with a local real estate attorney.

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