Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

14
Posts
1
Votes
Carla M Richardson
  • Philadelphia, PA
1
Votes |
14
Posts

Assignment of Contract/ Purchase-Sale Contract

Carla M Richardson
  • Philadelphia, PA
Posted

Hello BP Community:

I need some clarity as to what all goes into an assignment of contract and a Purchase-Sale contract. Section by section.

Also any personal experiences on strategies used during closing would be great.

So far I've learned about:

What it means to sell "AS-IS" therefore stating the cost of repairs would be at the buyer's discretion.

Also, including the cost of transfer on the seller and buyer, respectively (especially with PA's transfer tax law).

I also understand getting both agreements notarized is wise.

If there's anything else that I should be aware of, please let me know.

Thank you in advance for all your insights!

Loading replies...