Assignee Signature in Purchase & Sales Agreement?

[Shannon V.]

Hello, 

Does there need to be an assignee signature line on the current purchase and sales agreement I have with the owner (seller)? I am not a realtor. One guy mentioned to me he does this because Ohio is a disclosure state, however I have seen other guys make this contract without the assignee signature line on the original P&S agreement with the owner (seller).

And conversely, does there need to be a line for the owner on the assignment contract the wholesaler has with the end-buyer? One guy mentioned to me he does this because Ohio is a disclosure state, however I have seen other guys make this contract without the owner’s signature. 

What is legally required in the state of Ohio?

[Yoann Dorat]

@Shannon V. I've done several wholesale deals in Ohio and I never had the assignee sign the original PA. The seller doesn't need to sign the assignment of PA either. Just bring both contracts to your title company or attorney and they'll take care of the rest. If you need a referral for a wholesaler-friendly title company hit me up.