Almost ready to assign my first contract, need last questions answered

Almost ready to assign my first contract, need last questions answered

I have not done my first deal yet. I am posting here in hopes of having a few questions answered so I can make that first deal happen.

I have a cash buyer (actually a group of investors) who have set the goal of buying 15 properties by the end of the year. They are ready to buy right now with cash. I will be assigning contracts to them.

I have everything set up to find my sellers (recorded 24hr line, flyers, business cards, etc.)

My question is about contracts. I have a lot of them from this site and want to make sure I have everything that I need and that it's all correct before I take the contracts into my first meeting with the aforementioned investors. In order to assign a contract to a cash buyer, what documents do I need?

1. Offer to Purchase (to be given to seller)
2. Agreement to Purchase between me and the seller with wording that includes "and/or assignee".
3. Assignment of Contract to sign with the investors
4. Discharge of Agreement to Purchase
5. Investor's Disclosure and Seller's Acknowledgement

Am I missing any? Are there any there that I don't need?

__________________

REALTOR
Real Estate One
Grand Rapids, MI


Matt,

You don't need 1,4 and 5

Michael Mangham
Mentoring/Team Building Nationwide
MD Home Acquisitions LLC

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Matt

Yes from my research only document you'll need is 2&3 as michael stated above. now if you were doing IEE then you would need 2&4&5 (note number 2 you would not include and or assign)hope that helps, you got everything right there go for it.

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Thank you both so much for

Thank you both so much for the help!

__________________

REALTOR
Real Estate One
Grand Rapids, MI


good advice

the important thing to remember too, is they want your business.


good post matt

Good post Matt. I actually had that question in mind since I my self am in the process of doing my 1st deal

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Agreement to Purchase

Assignment Contract.

THATS IT!

GET IT DONE!

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lane

So all we need is the assignment of contract?

__________________

yesterday is history, tomorrow is a mystery, but today is a gift. That is why it is called the "present."

"Be not afraid of growing slowly; be afraid only of standing still"


Robert

rsaldana wrote:
So all we need is the assignment of contract?

And a purchase agreement (which reminds me Eye-wink ), which is the contract that you are assigning.

Karen

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Yes

Thats it

__________________

Click Here To Buy Deans New Book!!! http://www.lanemccaw.bookimentioned.com/b/
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"In order for me to think outside the box, that would require me to acknowledge that the box actually exists. In my world, there is no box."
~Matt Larson~