The purpose of posting this topic is to learn once and for all, everything we can about Assignment contracts. I know Dean tells us pretty well in his books but some of us need a little more detail.
To all REI pros out there, if you would please help us rookies with the following-we would be forever grateful.... Thank You!
Favor #1-- In step by step detail, please share with us how an Assignment of Contract comes to be. How do you approach the Seller? What do you more or less say to them when you introduce yourself as an investor? Better yet-Can you provide a real-life experience of when YOU did an Assignment of Contract and explain it step-by-step in detail?
Favor#2-- I noticed many DG members are confused as to what contracts to fill out for an Assignment deal. Could anyone please state what forms need to be filled out to close the deal? To the best of my knowledge the forms needed are:
Purchase agreement: http://www.deangraziosi.com/documents/Agreement-to-Purchase.pdf
Assignment of Contract: http://www.deangraziosi.com/documents/Assignment-of-Contract.pdf
Favor #3-- When searching for a Buyer, what marketing technique works best (in case one has not yet created a Buyers List)?
--How does one approach a Buyer about an Assignment contract? How would you know they are serious about Buying?
--And Lastly: Is a Real Estate agent neccessary when filling out the paperwork at first? If not, what officials should be involved to safely cllose the deal?
P.S.-I know these questions may sound a bit basic or silly to some, but after reviewing other forums on the subject-matter, it's obvious to me that a lot of novices are still confused about this and so this is simply my way of trying to get some clarity on the matter. To all those that plan on advising in response to this Topic-THANK YOU for helping.
--Happiness is not the absence of conflict, but the ability to cope with it.--
--It is good to laugh at yourself. Why let everyone else have all the fun.--
--The main thing in life is to keep the MAIN thing the MAIN thing.--
--We are not made happy by the things we aquire but by what we appreciate. --