1st Assignment Deal: How Do I Make It Happen?
Help!
I have an assignee willing to pay $1.1 million for a La Jolla house. I have an Owner/Seller willling to sell for $1.195 million. $95,000 separates my assignee price from the Seller's price.
Q: How do I make this deal happen and collect my $15,000 assignment fee?
Background: The Owner has listed the property since July. One buyer was in escrow for $1.175 million, a price reluctantly accepted by the seller. Property fell out of escrow because buyer couldn't secure financing. My assignee has mega bucks, so money to close the deal is not a problem.
I am anxious because my assignee clearly said he would "go" for $1.1 million as an exceptional deal. Perhaps, anything above $1.1 million for him is a deal breaker. I don't know.
Newbie needs help!
Another potential deal bites the dust.
The Owner was not going to come down that low. And the assignee wasn't going to go higher. I know, I know--the answer is to find highly motivated sellers. Well, let me tell you, this seller was a 7 on a range of 1 (no motivation) to 10 (highly motivated). Still not willing drop the price $95,000 on a $1 million plus house. I should add that they are offering the house at 1.295-1.35 million. But the $95,000 distance was too much to make it happen.