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Updated over 2 years ago on . Most recent reply

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8
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3
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Alicia England
3
Votes |
8
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Assignment of contract agreement

Alicia England
Posted

Hey everyone, 

I got an investor interested in a property I have under contract. They are offering 13.5 and I have the property under contract for 12.5. When I put in my assigment fee. Do I put that $1,000 is coming to me and the total purchase price is $13.5k? I feel like that is low for my first assignment fee compared to what most are saying they mad on their first deal. I tried to use a agreement contract I downloaded  from a link on a YouTube i watched but it confused me more than anything. I'm just trying to figure out where I add my fee and if it's on top of the agreed purchase price or not. Thanks

Most Popular Reply

User Stats

8
Posts
3
Votes
Alicia England
3
Votes |
8
Posts
Alicia England
Replied
Quote from @Kerry Noble Jr:

Your PA should have 12.5 and your assignment contract should say youre assigning it at 13.5 with a fee of 1k. My first deal was 1K........split 50/50 so i made 500 on my first deal

Thank you!  

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