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All Forum Posts by: Stacy Patlan

Stacy Patlan has started 9 posts and replied 24 times.

Post: Selling contract only

Stacy PatlanPosted
  • Indianapolis, IN
  • Posts 24
  • Votes 2

How do I sell the contract only. seller and buy are not yet ready for closing but I would like to go ahead and make my spread. How do I sell the contract only?

Okay great! Good luck! I hope all works out. I'm sure the right tenant will come along. The only other suggestion I would have is have someone else other than the tenants at the showing and only collecting money at move in (except app fees).

Do you by chance use a website? I would try setting up a generic website to which has your info and maybe pictures of properties for rent. There have been a lot of rental scams where people are breaking into foreclosed homes, changing the locks, getting a couple payment then run off once inforcement arrives. I have been dealing with the same thing though we have a family member who usually arrives at showing. Good luck!

Post: Assignment of contract

Stacy PatlanPosted
  • Indianapolis, IN
  • Posts 24
  • Votes 2

Hello, I have a buyer but they aren't quiet ready to close. I want to sell them the contract (assignment) and get out of the way. How does this work? The contract states we have first right to buy it for $$xxx. How does this work exactly. Do they make their own contract. this is just something I have not yet had to deal with. Thanks.