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Updated about 7 years ago on . Most recent reply

Newbie with an easy question?
I feel like this is an easy question, just looking for an easy straight forward question. (Scenario): I find a seller, he agrees to sell his house to me at a good price, I plan to assign the contract to an end buyer. After I have the house under contract, do I take that contract to the title company? Or do I wait to get an end buyer to sign a contract to buy it then take both to the title company? Or does the end buyer talk to the title company on his own and then they call me and I bring in the contracts? Can someone give me an insight to what happens once everyone signed the right contracts, how it all goes down?
Most Popular Reply

1 - You get an accepted offer with your name as :<your name> and as/or assigns.
2 - You sell the Purchase Agreement to someone else (the assignment) by using an addendum stating you are assigning the P.A. to them.
3 - You get paid your assignment fee when both parties sign the addendum
4 - The NEW buyer, based on the "assignment" closes. You're gone.
or, there's a better way...