I have a cash buyer looking at my very first property next week. The spread is low, so I'm comfortable doing an assignment. Is it common for the assignment fee to be upfront? Or funded at closing?
If it's funded up front, I know I need a mini-contract (assignment agreement) but after that, what's the next step? Do I give him my copy of the signed contract, make him a copy, or just inform the title company that he will be taking over the transaction?
Is it recommended that I attend the closing? Is it recommended to close with the buyer and seller at the same time, or have them come in at different times? Afterall, I'd hate for my motivated seller to be blowing up my phone because they find out they could have sold for 3-4 thousand dollars more.
