Double Close
Keep the seller side and the end buyer side on one deal record, with every call, note and document logged.
Learn about Double Close
Assignment
Put the house under contract, assign it to a cash buyer and collect your fee, with every number and document on one deal.
What It Is
In an assignment you sign a purchase agreement with the seller, then sell your place in that contract to an end buyer, usually a cash investor. The buyer closes with the seller on the original terms and pays you an assignment fee for the deal. You never take title, so you need no loan and little cash beyond the earnest money. The purchase agreement has to allow assignment, and a growing number of states require you to tell the seller you are a wholesaler before they sign.
How Propulator Handles It
- Put the house on your pipelineStart the deal from a property or an analysis. It moves through New Lead, Contacted, Offer Made, Under Contract, Assigned and Closed as you work it.
- Keep the numbers on the dealAsking price, your offer, contract price, ARV, repair estimate and assignment fee live on the deal, next to the seller and the activity log.
- Lock it upThe purchase agreement and the wholesaler disclosure addendum fill in from the deal, the seller and the property. Send them for e-signature on any phone.
- Assign it to your buyerLink the end buyer to the deal and send the assignment of contract. It fills in the contract price, your assignment fee and the closing date.
Deal numbers
On the deal
Asking price$165,000
Our offer$138,000
Contract price$142,000
ARV$215,000
Repair estimate$38,000
For the end buyer
Assignment fee$12,000
Contract price plus assignment fee$154,000
Documents
Purchase agreementSigned by all
Wholesaler disclosure addendumSigned by all
Assignment of contractOut for signature
Sample numbers for a demo property.
From Contract to Assignment
The deal keeps the seller, the end buyer, the numbers, the activity log and the signed documents together, and moves across your pipeline as it goes.
Every template is a sample that needs review by a real estate attorney in your state before you rely on it. Edit them, or write your own.
Related Deal Types
Subject-To
Take over the seller's existing loan, with the cash to the seller, the payment and your fee worked out first.
Learn about Subject-ToSeller Finance
Turn price, down payment and rate into a monthly payment and a term you can explain to the seller.
Learn about Seller Finance