Assignment of contracts

Bird Dogs, Wholesaling
1

I understand that you get a contract with the seller. Do I go in- to contract with end buyer or does seller go into contract with the end buyer. Where does assingment of fee notice come into play and is it written into first contract with seller.

Thanks,

Larry

2

You write up a standard contract with the seller with and/or assigns after you name. I would prep the seller that you might assign the contract and make them feel at ease with the whole process. You then would sign an assignment of contract with the buyer that assigns the original contract to that person. It will document the original contract price and your assignment fee. The end buyer will take your place in the original contract.

3

Thank you info was very helpful. Would you happen to know anything about simo closings don’t quite understand the inter-workings of the simo closings.