I am trying to talking to a seller and was wondering how I should approach him with the option to purchase and assignment. Have any ideas and or examples??
Thank You
V/R
William Robbins
You just need to decide if you want to write a contract or do an option. I haven’t done options, but know several investors are successful with that strategy.
Basically, keep it simple. You find a deal at the right price, write an offer. If you plan to assign it, you don’t need to tell the seller that, but uou will need a way to get investors in to look at it.
If the seller is truly motivated, it won’t be hard to work something out.
Whithout sounding too much like an idiot what is the differance between a contract and an option ??? I thought an option was just a different type of contract.
Thank You
William Robbins
When I am talking with a seller I always tell them what I am going to do. But when I explain the assigning process I let them know that either I or one of my associates will purchase the property. T
I just let them know that I work with several cash investors and if the deal isn’t right for one of them it will be for the other, but with out a contract I can’t do much with the property. Something like that usually works for me.
I would hate for the seller to find out that I am not personally buying the property and have them freak out on me.
Good Luck