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Updated almost 2 years ago on . Most recent reply

User Stats

8
Posts
3
Votes
Alicia England
3
Votes |
8
Posts

First deal assigned to end buyer, now what

Alicia England
Posted

I've posted before, but that deal fell through. I've gotten another deal under contract a multi-family residence (4bed 3 bath duplex) Seller agreed on a purchase price of 110k and I've assigned it to my end buyer for 120k with my assignment fee being 10k. I am so confused on what happens now. Can someone explain to me what happens between now and closing? My end buyer wants to take a look at the property and is setting up a time with the seller to do so. I feel like I made a mistake allowing the  end buyer to be in direct contact with seller but he had requested to be put in contact with seller after he signed the assignment contract. Do I do anything else on my end or do I wait until closing date and then collect my assignment fee? Thanks for your help.

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