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Updated over 3 years ago on . Most recent reply

User Stats

12
Posts
6
Votes
Andrew Booth
  • Specialist
  • Detroit, MI
6
Votes |
12
Posts

Newbie Question regarding assignment contracts

Andrew Booth
  • Specialist
  • Detroit, MI
Posted

Look I know this is a very newbie question, but I am looking for the answer on how to get a property under assignment. I understand about finding a good deal & having the seller wanting to sell it. But how do I actually get the property into an assignment contract? What do I need to do and what does the seller need to do? Thanks a lot for any insight. 

Most Popular Reply

User Stats

274
Posts
282
Votes
Andrew Bang
  • Lender
  • Texas; Arizona
282
Votes |
274
Posts
Andrew Bang
  • Lender
  • Texas; Arizona
Replied

I wouldn't phrase it "get a property under assignment".  A property is under contract, then you can assign that contract. Once you both agree on a price, you both sign a purchase contract.  Make sure the contract  has language which would allow you to assign it.     

  • Andrew Bang
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