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Updated almost 9 years ago on . Most recent reply

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18
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5
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Luis Lozada
  • Lansing, MI
5
Votes |
18
Posts

Double closing vs. assigning when splitting assignment fee.

Luis Lozada
  • Lansing, MI
Posted
Hello all, I've been reading up on assigning vs. double closing and I'm under the impression that double closing gives one more privacy as to how much is being made on an assignment fee, and can protect from someone going around the "middle man". I understand there's more to double closing like two closing costs, it's also my understanding that those closing costs can be negotiated just as they are when assigning a contract. My question is how is an agreement structured if I decide to partner with another wholesaler and use one of their buyers, is it better to double close, or assign? I would think it would get even more confusing for a seller to see several names and two assignment fees and what not.

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