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Updated over 8 years ago,
Question About The Assignment of Contract Process
1.Once you get a property under contract and you locate a buyer, how do you assign the contract over to them? Do you have him sign the original contract that you had with the seller, or create a whole new contract with your price?
2. Also, how long do I have once I put the house under contract to locate a buyer and assign the contract to them and other than and assign clause, is there any other clauses that would be smart to include if I needed to exit out of the deal?
3. Are you guys up front with the seller of your intentions or do you act as if you intend on purchasing the property and then find your own buyer and do a double close to keep them from knowing what you made?
Thanks in advance for any responses.