I have a question about assigning a contract. Here’s the deal: I found a multiplex for sale at $190k. I’m ssking $210k for it from my buyer. I can get it at this price from the seller.
- If I want to assign the contract to my buyer, am I signing two separate contracts – one with the seller and one with the buyer?
- What happened during the due diligence process (appraisal, inspections, etc)? Am I the middleman from start to finish or do I just tell my seller and buyer to contact each other and I just show up at closing?
- Should I do a double closing because of the profit? I don’t want the buyer to know how much I will be profiting.