Flipping a Contract

[Ray Eason]

Hello and good day.

I just got a home under contract and am wondering what is the next step.

Do I let me Cash Buyers know I have the property under contract and start releasing the property address or do I contact my title company to begin escrow?

Sounds like a simple question but an important nonetheless :)

[J Scott]

Originally posted by @Derrick Strope:

@Ray Eason You will need to make sure that your contract shows the buyer as "Yourname or Company and/or Assigns" in order to make a contract assignable. 

Actually, I don't believe that's true...

I'm not an attorney, but I believe that contract law in the US makes assignability of most contracts legal/valid, by default.  So, as long as the contract doesn't say that you can't assign, you should be able to assign even without the "and/or assigns" addition.