Hi Dave,
If you *really* have a good deal - and I mean verified by a $/ft analysis of similar sized places in a very similar location and similar condition - (not off one appraisal or worse yet list price) you may have some luck flipping your contract.
You will almost surely have to sell to an investor as the average joe homeowner will be nervous about the legality of your assignment and many don`t like seeing a middle man make money. A sharp investor will also challenge you on your end of the deal so be ready to stick to your guns.
If you don`t own it yet you can list it on MLS provided that the agent follows the proper protocols. If you choose to go this route make sure they know what they`re doing. Also - you have to be very sure of your margin as once realtor fees and legal fees get added in along with some room for negotiation you may find you don`t have as sweet a deal as you thought you did.
Failing that if I were in your shoes I would market my deal here on REINspace, craigslist, FSBO sites in your area, classified adds and lastly I`d look in the yellowpages or at the courthouse for anyone dealing in foreclosures as these guys buy discounted property all the time and you might get some traction with them.
Good luck,
BT
QUOTE (davidcourt @ Mar 29 2008, 12:58 PM) We have a property conditionally sold to us.
It`s recent appraisal is at 245,000.
I think it would sell for 230-235,000 easy enough.
Theres 30-40,000 equity in it from our sale price.
How can it be assigned.
Should we advertise in a paper?internet site such as kijiji?
Contact all realtors in the area?
Any help would be appreciated.
Thanks
Dave Court
