Re: What paperwork is needed… - Posted by Barry (FL)
Posted by Barry (FL) on September 21, 2004 at 12:26:51:
there’s at least 2 ways. either a double close, use a title company or attorney, either or will suffice for whichever way you decide. Make sure they will do a double close and make sure you consider the closing costs on both deals or there will be nothing left for you.
I like the seller to pay all costs on the buy and the bueyr to play all costs on the sell. Everythings negotiable.
If you know your end buyer and they know your making a profit, just assign the contract for a fee. You will need an assignment agreement as long as the contract is assignable. Ride it to the end thogh , don’t just assign and walk away. You need to control it to the end and make sure it closes.
Hope This Helps,