Updated about 3 years ago on . Most recent reply
Assignment of contract agreement
Hey everyone,
I got an investor interested in a property I have under contract. They are offering 13.5 and I have the property under contract for 12.5. When I put in my assigment fee. Do I put that $1,000 is coming to me and the total purchase price is $13.5k? I feel like that is low for my first assignment fee compared to what most are saying they mad on their first deal. I tried to use a agreement contract I downloaded from a link on a YouTube i watched but it confused me more than anything. I'm just trying to figure out where I add my fee and if it's on top of the agreed purchase price or not. Thanks
Most Popular Reply
Sounds like everyone has cleared up the process and you should be SOLID from here!! Congrats on your first deal. As you grow your business, do your best to have your buyer first and lined up for a smooth and easy Assignment of Contract. Most wholesalers just lock up deals, then try to find buyers and it can be a LOT of work and very stressful.
So by having your buyer first, being transparent and having great communication should help your future closings go VERY smooth for you. :) @Alicia England