Skip to content 
Description
If you wholesale properties, you will need one document to flip the property to another investor. The assignment agreement allows an investor, often referred to as the “assignor” or “wholesaler,” to transfer their rights in a real estate purchase contract to another party, known as the “assignee,” or “buyer,” before the property sale is closed. So, the assignor secures a property at a favorable price and then assigns the contract to another buyer at a higher price, the difference is the assignor’s fee.
Low Initial Capital Requirement: It allows an investor to secure a property under contract without committing large amounts of capital upfront. Instead of purchasing the property, the investor assigns their interest in the contract to a new buyer for a fee.
Quick Profits Without Ownership: By assigning a contract, the investor can earn a profit on the deal without ever taking ownership. This is especially helpful for wholesalers who want to focus on quick transactions rather than long-term holds.
Reduced Risk: Since the investor doesn’t actually purchase the property, they avoid risks associated with ownership, such as repair costs, property management, and market fluctuations. The new buyer takes on these responsibilities instead.
Flexibility in Exit Strategies: An assignment agreement can be an excellent exit strategy if the original buyer decides not to proceed with the purchase, as it allows for easy transfer to another interested party without needing to back out of the contract.
I have been using this assignment agreement for the last 20 plus years revising it as necessary. It is the most detailed, thorough, comprehensive and simple assignment agreement you will find anywhere.
