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JEROME GERAGHTY

GLO specializes in Real Estate and Business Law, including Real Estate Transactions, Buying and Selling a Home, Real Estate Investment and Landlord Issues; Business Formation and Development; and Contractor Issues and Mechanics’ Liens

 

Wholesaling & Assignments

In real estate, wholesaling is the process where a wholesaler connects a buyer and seller, often targeting properties in disrepair or below market value. The wholesaler profits by securing a contract with the seller at a lower price and assigning that contract to a buyer at a higher price.

Assignment is the legal process of transferring the rights and benefits of a contract from one party to another. In wholesaling, the wholesaler assigns the purchase contract to the buyer and receives an assignment fee for their services, with the buyer closing the deal directly with the seller.

GLO can help ensure your wholesaling or assignment deal goes smoothly and avoids common pitfalls, like unintentionally acting as an unauthorized real estate broker. This guidance provides a secure and efficient approach to real estate transactions, sidestepping costly issues that can arise in complex deals.

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Colorado’s Standard Residential Buy Sell Contract Made Easy
Colorado’s Standard Residential Buy Sell Contract Made Easy

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