What is assignment of contract?
A wholesaler signs a purchase contract with the seller, then sells (assigns) that contract to a cash buyer for a fee.
Why it matters to an investor
An assignment is how a wholesaler gets paid: the buyer takes over the purchase contract and the wholesaler keeps the fee.
How investors use it
- Make sure the contract allows assignment.
- Tell the seller if your state requires it.
- Compare it with a double close in the calculator.
Questions
What is an assignment fee?
The amount the wholesaler earns for selling the contract. It shows on the closing statement.
Assignment or double close?
Assignment is simpler and cheaper; a double close keeps the fee private. See the calculator.
How we make these guides
Written by the LeadCounty editorial and data team from official county, court and state sources and our own weekly counts. We name the office behind every number, say what we cannot see, and fix mistakes when you tell us. See our editorial standards and methodology. General information, not legal or financial advice. Refreshed weekly.
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