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Updated over 10 years ago,

User Stats

56
Posts
4
Votes
Bimal Doshi
  • Budd Lake, NJ
4
Votes |
56
Posts

How to assign a deal to cash buyer

Bimal Doshi
  • Budd Lake, NJ
Posted

I am on the verge of making my first deal ever.

Two interested buyers, can close in 10 days.

I am doing an assignment of contract.

Can I ask my buyers to put down non refundable earnest money. If such is the case then do I have to do double close. Will the buyer give me an actual check or will provide me with picture of the check he/she has given to the attorney. Instead should I ask for POF.

If I do not have to double close and if the buyer puts down earnest money, how do I acknowledge the receipt of the EM.

After I assign the contract do I hand over the purchase agreement to the cash buyer before the closing. Do I have to be at the closing.

Is it possible the cash buyer will not agree with the terms of purchase contract.

Does anybody have a standard assignment of contract form

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