Assignment of Real Estate Contract

Need to transfer your rights in a real estate deal? An Assignment of Real Estate Contract allows you to legally assign your position as the buyer in a purchase agreement to another party. This is a common tool for investors, wholesalers, and individuals looking to reassign their contractual interest in a property.

What Is an Assignment of Real Estate Contract?

An assignment of contract is a legal document that enables the original buyer (assignor) to transfer their rights and obligations under a real estate purchase agreement to another buyer (assignee). The assignee steps in and assumes the terms of the original contract, allowing the deal to proceed without renegotiation.

Who Needs This Document?

• Real Estate Wholesalers: Quickly assign contracts to end buyers without purchasing the property.
• Investors & Flippers: Transfer property rights to another investor for profit.
• Buyers Unable to Close: Assign contracts if circumstances prevent closing on the deal.

Key Features of the Assignment Agreement

• Details of the Assignor and Assignee
• Original Purchase Agreement Information
• Assignment Terms and Responsibilities
• Seller’s Consent (if required by contract)
• Signatures of All Parties

Can You Assign Any Real Estate Contract?

Not all real estate agreements allow assignments. Some contracts include anti-assignment clauses or require seller approval before transferring rights. Always check your purchase agreement before proceeding.

Why Use Our Assignment of Real Estate Contract Template?

✔ Legally Sound & Customizable – Crafted by legal professionals.
✔ Instant Access – Download and use immediately.
✔ State-Compliant – Suitable for transactions across the U.S.
✔ Cost-Effective – Avoid expensive legal fees for simple contract assignments.

How to Use This Template

1. Review Your Existing Contract – Ensure it allows assignment.
2. Complete the Template – Enter details for the assignor, assignee, and original agreement.
3. Secure Seller Approval (if necessary) – Some contracts require written consent.
4. Sign & Execute the Agreement – Have all parties sign and notarize if required.
5. Provide Copies to Relevant Parties – Ensure transparency and record-keeping.