Newbie To Real Estate
I am currently working with a FSBO getting their home under contract. I want to get them under contract for a low price and then assign the contract to an end buyer at a higher price. My question is when I get an end buyer for the property what kind of forms do I use. Are there any quick free courses I can use to get some more insight. Any help would be greatly appreciated.
Thank you Camilla,
If I can get a copy of the forms it would be greatly appreciated.
Wow I also use the assignment of contracts yet I have not gotten off the ground yet.
In the course im studying you must be sure that the contract has a clause that state you have the option to show the property or assign the agreement to a third party.[ Edited by QUIET_STORM on Date 10/14/2006 ]
What type on contract do you have the seller on?
try to see if the seller will finance you and use an option with a third party clause that allow you to assign the contract to another seller/buyer and you take the assignment fee.
Your story is confusing and does not provide enough detail nor time line. Try something like this ....
I found a house that the owner is willing to L/O. I had an independant appraisal done and the house appraised at 2.4 million. The owner and I signed a L/O contract good for 1 year with an option price of 1 million dollars. Additional terms of the L/O contract are ......... But unfortunately I did not get a title search and now find out that there is a 1.6 million mortgage on the home. ETC.