Purchase Sale Contract

Bird Dogs, Wholesaling
1

I read from a real estate investor article that talked about a purchase sale contract which he said to BE SURE to include the following phrase: “offer contingent upon third party approval, and assignable by buyer”. Can someone explains what that means?

Bernard

2

Hi Bernard
When youput offer contingent on 3rd party approval that is one of your bail out clauses that protects you.
Assignable by buyer is the same thing you will put each time you sign sing your name of the contract…like this…
Bernard Smith and or assigns.
Always put that so you have the right to assign the property.
Sissy

3

THANK YOU VERY MUCH!!!