Assignment Of Contract OR Simultaneous Close

Comments(11)

• 
  nateham616th September, 2005

  Thats a good question? I have the same concern?
  
  Thanks

• 
  IBuyHousesInc17th September, 2005

  An assignment of contract affords a couple of things. One, there are not double escrow and title expense, your exposure to disclosure liabilities may be mitigated by non ownership, possibly the most important issue could be taxation and lastly seasoning issues regarding title.
  
  We build the right to assign our contracts in every deal.

• 
  worknomore17th September, 2005

  IBuyhousesInc,
  
  Thanks for your reply. In an assignment of contract, is it neccessary to tell the buyer at what price you bought the property?

• 
  IBuyHousesInc17th September, 2005

  On an assignment it would be important on a concurrent it doesn’t matter

• 
  worknomore20th September, 2005

  IBuyuhousesInc,
  
  When you assign a contract, does the buyer do his own inspection? Whats the best way of dealing with inspections? When you make an offer, to come up with the costs I will do a professional inspection anyway.

• 
  IBuyHousesInc20th September, 2005

  In your contract you should have a period of time to do all of your inspections... If you’re using the CAR for then you have 17 days
  
  I wouldn’t waste my money inspecting the houses "professionally" if your intention is to wholesale
  
  Once you have the house under contract don’t be afraid of your assignee and seller trying to cut you out of the deal.

• 
  IBuyHousesInc20th September, 2005

  There are national data bases for property owner information.
  
  as for eviction data bases just use the newspaper to market to houses for rent...
  
  Call and ask one question.
  
  Are you planning on sellling your rental or would you like more? Either way its a win win

• 
  nateham614th September, 2005

  Ceedee,
  
  My mentor told me not to reinvent the wheel. Just use "We Buy Houses" in Yellow background and Black lettering. These have proven to give the best result for bandit signs. Just my 2 cents. Happy investing.

• 
  ZinOrganization18th September, 2005

  the phrase "we buy houses" is whats mostly used by small investors. if your going to try and ad a catch phrase onto it, make sure you check the u.s. trademarking website to see if anyone has trademarked it. i have heard of those "we buy ugly houses" franchise guys ( I think there called Homevestor inc.) sue over trademark infringments. its so stupid.

• 
  ZinOrganization20th September, 2005

  thank you. that was informative.
  
  so someone has to use the exact phrase as you "i buy houses, ugly ones too" for them to be infringing, correct? even if they use "i buy houses" without the catch phrase they still wouldnt be infringing? it seems like they would be.
  
  thanks again for the info.

• 
  IBuyHousesInc21st September, 2005

  here is the test as my attorney puts it.
  
  It the phrase is an action of the person it is almost impossible to protect.
  
  Example " I climb tall mountains" could not be enforced
  
  However "Climbing taller mountains" is an enforceable Trade Mark
  
  So my trademark on I buy Houses cant be, as three words, protected but "I Buy Houses, Ugly ones too” TM can