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Updated almost 10 years ago on . Most recent reply

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156
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20
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Matthew J. T.
  • Real Estate Investor
  • Albuquerque, NM
20
Votes |
156
Posts

Discrete Assignment Fee

Matthew J. T.
  • Real Estate Investor
  • Albuquerque, NM
Posted

How do I keep assignment fee disclosed from Investor? Let's say 150,000 house, i mark it down to 40k, and i want to sell to investor for 75k, how can I do this without him changing his mind about closing the deal, it's still a win non the less for everybody.

Most Popular Reply

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1,981
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659
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
659
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1,981
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Ryan Webber
  • Wholesaler
  • Amarillo, TX
Replied

You double close it. A double closing insulates information between your Seller and Buyer, including buy and sell price. Up to about a $5,000 profit is the most you should ever assign in most markets. Above that, your buyer and seller will often get very fidgety. A double closing will help preserve the relationship. Now in some higher end markets and with some very well established business relationships, going higher than $5,000 is no problem. On the other hand, sometimes even a $2,000 profit can be an issue to overcome with your seller and buyer.

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