Does anyone out there have a good assignment contract to share? I am new to this and I am working on a commercial property for the amount listed price of 1.6m. The seller so far has stated he will take 1.5m cash. I have a potential ALL CASH buyer in place. I need to put in my fees to get a huge pay out. Please help a brutha come up.
You have a potential $100K awaiting you, and you’re looking to save a dime on the paperwork?
Pennywise and pound foolish. :rolleyes
Hi,
I looked at your posting and thought "Where is my couple of commercial assignment forms or would a residential assignment form suffice"?
Well I thought “What state is he in and what does that states laws say about assignments”?
Then I just thought about your posting and thought “Does frocky187 know that in an assignment he will have to disclose his whole contract before he gets his buyer to sign an assignment of contract”?
Now as a buyer I would be thinking “This guy wants more cash from me (The Buyer) than the seller would have paid in real estate commissions”?
(Or is this a listed property?)
I think you can try it, but what do you want to bet because I think $100k is an extremely steep assignment fee, that if your cash buyer wants it bad enough, he waits you out and goes around you and buys this property without paying any fee at all!!!
In this situation I would think 1% or $15k might make a better number that when buyer sees it he believes your being fair and does not decide waiting 2 months is a whole lot cheaper than paying $100k extra!
If you don’t have a contract yet, you have nothing to assign!!!
If you send me your e-mail address in a PM I will have my assistant send you a assignment form tommorow!
Good luck,
GR