Selling Contracts
When I sell a Option to Purchase contract to another party, what do i sell it for? Do i just sell it for what i want for a profit, Or, so i sell it for what the house is being sold to me for, plus my profit?
Isn't this more of a marketing question than legal?
If you'll post on Main board, I think you'll get some responses.
You sell it for the amount you want to take out in return for getting out of the deal and letting the other person buy it. Of course you can only do that if you have clear title to the property. You are giving the other person the right to buy the property at a given price.
I hope I understand the question you are asking.
I think i have the anwsers i now need to get going. Thanks everyone!
[addsig]