Got the assignment contract signed, now what?

[Kyle Critchnau]

I've found a buyer and got the assignment contract signed, now what do I do? Do I just need to drop it off at the title company and be on my way until closing? Do I need to tell the buyer to contact the title company or do they need to have his contact information? Just making sure I'm doing this right and have all my ducks in a row. Thanks in advance for your help!

[Ibrahim Hughes]

In my world Kyle it's really not an option. There is SO MUCH that can go wrong and derail your check's arrival unless you're on top of the process making sure that your buyer performs.  Plus the seller is trusting YOU to get it done and likely isn't as comfortable with your end buyer as they are with you. So you need to work this deal from both ends (seller and end buyer) to make sure you get paid, the seller gets their money and your end buyer gets the property they want. Primarily you want to make sure that 1) title is clear (no liens or ownership issues that will prohibit your seller from conveying the property), 2) your end buyer has the cash and will close on time and 3) your seller doesn't change his/her mind. Concentrate on those 3 areas and everything in between and you will learn a ton. And get paid for doing it! And talk with your title agent. They, along with BP, are your free mentors right now.