Posted by Randy on August 18, 2003 at 16:00:18:
Standard Purchase Agreement with ?and or assigns? after your name as buyer. Then when you find a person to flip it to, you have two options (a) Assign your contract to the new buyer for an assignment fee. (b) Initiate a sales contract to your new buyer with the same closing date as the purchase contract. The challenge is finding a lender that will allow this transaction, most will not.