Assignment First. Double Close Only When Forced.
Closed a deal today that reminded me of something important. This one was a double close, but it was a probate situation where the property was not in a will. Because of that, the courts were in control of how the property could be executed — including the type of contract, which was non-assignable. So double closing was the only option. That said… it was still a good reminder that assignments should always be the first goal whenever possible, because double closes come with extra fees that can eat into your profit. Lesson: Assign when you can. Double close only when you have to. Know the rules of the deal before you lock it up 💰