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Updated over 3 years ago on . Most recent reply

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127
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Kay March
  • Gainesville, FL
20
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127
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A buyer wants the right to assign while retaining liability

Kay March
  • Gainesville, FL
Posted

In the paragraph on assignability in a purchase agreement the buyer checks the box indicating that she wants to be able to assign the contract while retaining liability under the contract. I don't believe she's a flipper or wholesaler -- just an ordinary buyer. Why would she (or rather her agent) check that box? Should I worry?

Most Popular Reply

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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
2,320
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3,019
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Will Fraser
  • Real Estate Broker
  • Salt Lake City & Oklahoma City
Replied

That's curious!  I'd play ignorant and ask their agent in a sheepish way ("I saw this box was checked and I was thinking that might be an oopsie . . . is your buyer wanting the right to assign this?  Oh, interesting!  Tell me more .  . . "

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