Title Representative · Irvine, CA · Member since 2017 · 874 posts · 519 votes
5y
Most of them will want an Amendment to the contract showing the assignment to a different buyer, but that usually doesn't say anything about the fee. The fee isn't showed until the final closing estimate is done, which every company is different on how they show it. Some make it obvious, some do not. I still have never had a seller question it, and we've closed about 12 deals in Texas.
Wholesaler · Houston, TX · Member since 2017 · 264 posts · 212 votes
5y
Whats going on Adriel,
If your contract is assignable then you simply just need to have an assignment agreement with a new buyer.
You do not have to have a seller sign off on this since the assignment language is already included in the original contract - the seller would just see a new buyers name on the closing documents. I've never had a seller complain about this and I've done 100+ wholesale deals in the past 2-3 years.
Investor · Durham, NC · Member since 2020 · 1k+ posts · 691 votes
5y
@Adriel Cisneros I agree with @Joe Gonzalez. Depending on how your agreement is set up, you should be able to assign the property without the seller signing off on it. Most sellers do not have an issue with this.