All Forum Posts by: Rachel Murray

Thank you all so much for your input! My intention going into this (as recommended by @Jesse LeBlanc) is to talk to buyers first, figure out what they need and find deals that match. It saves sellers from being locked up in an agreement that may or may not work out. 

I also don’t have any intention on hiding the wholesale fee. I think as long as buyer and seller are happy with their numbers and the fee is fair, everyone walks away from the table happy.  

So is the only purpose of the double close to hide the wholesaler’s fee? If so, then assignment seems like the way to go. Thanks again!

I'm getting my wholesaling contracts together and am wondering how wholesalers decide whether or not to use assignments of contract. Basically I'm seeing two options for structuring a wholesale deal and would like to know how/why you choose one over the other. 

OPTION 1: Assignment - Seller signs purchase and sale agreement with an option to assign, buyer receives assigned contract at closing (buyer, seller and wholesaler are all in closing room together). 

OPTION 2: No Assignment - Seller signs purchase and sale agreement with wholesaler for $x, Buyer signs purchase and sale agreement with wholesaler for $y, double closing at title company (end buyer and seller never interact)

Thanks in advance! Located in Michigan.