Wholesaler · Mound, MN · Member since 2015 · 2 posts · 0 votes
In my experience it is difficult to get someone to pay more than $10,000 for a contract assignment. Buyers get caught up on how much I am making and lose sight of the main goal, their profit. Obviously it shouldn't matter what I am buying the deal for, only if they can make their margin once the deal is sold.
Double closing is a good solution. However, I would say the majority of the time I use an intermediary. I have someone with a real estate license try to sell the home before I close on it. This way there is some distance between myself and the investor which helps keep some of the emotion out of the investor's decision.
Commercial Multi Family Broker · Spokane, WA · Member since 2010 · 139 posts · 27 votes
11y
It depends on your negotiating skills.
"In my experience it is difficult to get someone to pay more than $10,000 for a contract assignment."
This depends on the property size. If someone is telling you that you only deserve $10K, and you agree, then that is what you will receive. However, if it is a larger property, and you have secured it for a great discount, then you need to find the buyer that is fair, and will pay what should be paid.
Wholesaler · Mound, MN · Member since 2015 · 2 posts · 0 votes
11y
Thanks Tom! Great advice. I agree it depends on the end value or size of the house. I typically am assigning homes under $100K. What's the biggest percentage of your asking price you have had someone pay for an assignment? Have you ever had anyone balk at the amount you were asking?