Assignment of Contract to Sell Real Estate

Transferring your real estate rights to another party? An Assignment of Contract to Sell Real Estate allows you to legally pass on your interest in a property sale to a new buyer. Whether you’re an investor flipping contracts or need to reassign a deal, this document ensures a smooth and legally compliant transfer.

What Is an Assignment of Contract to Sell Real Estate?

An assignment of contract lets the original buyer (assignor) transfer their rights and obligations in a real estate purchase agreement to a new buyer (assignee). Instead of completing the purchase, the assignor steps aside, allowing the assignee to take over under the same contract terms.

When Is This Document Needed?

• Real Estate Investors: Wholesalers and investors use assignments to profit from property deals without taking ownership.
• Buyers Unable to Proceed: If a buyer can’t close on a deal, they may assign their contract to another party.
• Property Developers: Assignments are common in pre-construction condo sales.

Key Elements of the Assignment Agreement

• Identities of the Assignor and Assignee
• Original Purchase Agreement Details
• Assignment Terms and Conditions
• Seller’s Consent (if required)
• Signatures of All Parties

Is Seller Approval Required?

Most real estate contracts include an assignability clause. Some agreements allow assignments freely, while others require written consent from the seller. Always review your contract before proceeding.

Why Use Our Assignment of Contract Template?

✔ Legally Sound & Customizable – Drafted by legal professionals.
✔ Instant Download – Get your template in minutes.
✔ Compliant in All States – Designed for use across the U.S.
✔ Time-Saving & Cost-Effective – No need to hire a lawyer for a simple assignment.

How to Use This Template

1. Review Your Purchase Agreement – Ensure it permits assignments.
2. Fill Out the Template – Enter assignor, assignee, and contract details.
3. Obtain Necessary Approvals – If required, get seller consent.
4. Sign and Notarize (if applicable) – Finalize the agreement legally.
5. Provide a Copy to All Parties – Ensure transparency in the transfer.