Pure Option Contract and Assignment

[Michael T. 0]

Hello;

 

I have a pure option on the horizon and as this would be my first deal, any advise would be appreciated, for instance, which contract do I use to assign my option to the new final buyer or do I just exercise using a standard sales contract and double closing.

 

Thanks

 

M.T.

[MichaelC 160]

M.T., the Pure Option Agreement already contains the right to assign it within the agreement. Along with that you should use an Assignment of Agreement form to complete the paperwork. This form will specify the amount of assignment fee paid by the Assignee to you, and provides proof that the Assignee now has legal interest in the property in the form of that Pure Option.

PM me if you are unclear on any of this.