Do you go to closing on an assignment?

6 Replies

We have never done an assignment. I would assume that we go to closing? We have always used the same title company but the end buyer has decided to use his own company this time. Will it be all 3 of us in a room? Or does the end buyer typically go in first. Then I go in with my seller? Closing on Friday and just trying to figure out what to expect.

Congrats on a deal Some states it is customary to go most not I would call your title company to check proctol and then call and check with the actual closing company Double check all the paperwork  3 days before The escrow officer is your best source of information and they are very helpful 

@Steven Picker thank you ! Normally we just double close but there wasn't enough profit on the table for that. I just got off the phone with the closing agent and she said the end buyer is actually going to pre sign the day before. She said I don't need to go to closing but I can if I want. I think I'll check with the seller and see what she prefers.

Great news Usually the best way to proceed is to go right to the source your seller and your escrow agent Great job 

I don't go to any of the closings.... If it is a double close then I will go to the title company but not for any other closing.

@Karl Krentzel How do you phrase that to the seller? She knows it's a wholesale and an assignment. Ideally I'd rather not take off work if I don't have to. But I also want to make sure it all goes smoothly.

Originally posted by @Ryan Dossey :

@Karl Krentzel How do you phrase that to the seller? She knows it's a wholesale and an assignment. Ideally I'd rather not take off work if I don't have to. But I also want to make sure it all goes smoothly.

 Awesome Question!

@Ryan, the closing table is the best place for what I would like to call a "Commission-ectomy".  Although you aren't an agent, I think you would agree with me that if you are at the closing personally, there is a higher than average likelihood that you will cut whatever you may be making in order for a deal to go through.

The trick is to not be there.  

Believe it or not, out of the hundreds of deals I've closed, I've only gone to a handful. (Little old ladies, etc) 

How You Explain It

Sorry for the build up, but the truth is, you don't.  You simply use the same Title Officer again and again (if possible) and then they know how you operate.  You take control of the deal and delegate things to Title to do.  One of those things is to contact the Seller at the opening of your original escrow, and keep in touch with them throughout the process.

When the Title Officer is the one who is primarily dealing with the Seller on a regular basis, any potential problems are identified early and dealt with. That way, at the closing table, there are no surprises.  

The Seller does not expect you to be there.  That's simply "other people's baggage" that you think you need to carry. 

You don't get to do 75 deals a year by yourself with one assistant by going to closings!!  

Delegate my man!  Delegate!

Hope that helps! 

Have a Powerful Sales Day! 

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