divorce Subject to lead

[Richard Chae]

I have a lead who i offered a subto/seller finance option to. back story lead is getting a divorce and can get ~340k if listed. asked 300k if sold to me, everything updated within past 5 yrs except carpet and interior paint. I offered subto/seller finance, with a down payment to take care of ex-wife's equity, and a balloon payment 3-5 years. my question is if i use a TREC contract, would and list the details of the transaction, is there anything else i need to do as far as paperwork besides the contract?

also am i able to assign this contract to another buyer if i feel that is the best way to go? if so how would i go about that? a double close or would it be more of an addendum and replace the buyers name with my name.

thanks in advance for all your advice

[Travis Timmons]

Quote from @Account Closed:

Quote from @Richard Chae:

I have a lead who i offered a subto/seller finance option to. back story lead is getting a divorce and can get ~340k if listed. asked 300k if sold to me, everything updated within past 5 yrs except carpet and interior paint. I offered subto/seller finance, with a down payment to take care of ex-wife's equity, and a balloon payment 3-5 years. my question is if i use a TREC contract, would and list the details of the transaction, is there anything else i need to do as far as paperwork besides the contract?

also am i able to assign this contract to another buyer if i feel that is the best way to go? if so how would i go about that? a double close or would it be more of an addendum and replace the buyers name with my name.

thanks in advance for all your advice

Subject to can be tricky. Have you asked the person who trained you for direction?

Objection - leading! Sales pitch and/or mentorship program gonna be sliding into your DMs in 3, 2, 1...