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Wesley Hoover
  • Specialist
  • Hot Springs, AR
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Assignment Fee for Probate Estate

Wesley Hoover
  • Specialist
  • Hot Springs, AR
Posted Jan 14 2020, 16:35

Okay BP, so I have a situation where I have an estate under probate and a motivated investor who wants to buy it. He told me he will pay 15k for the property. The attorney requires I pay for an appraisal with my own money and that in order to purchase the property I have to pay 100% appraised value. The appraisal came through at 6,500. I want to simply have the buyer buy it from the court for 6,500 and charge an assignment fee of 5k. Do I need to put that into the buy sale agreement with the court? or can I just keep a seperate contract between me and the buyer? Also, if anyone could send a link for buy-sell as is contracts or assignment contracts please send it my way!