Assignment deals
When the contract assigns to another buyer, track the assignment paperwork, the fee and the closing date as owned tasks with due dates.
Assignment contract real estate
From Contract to Close Without the Chaos
Assignments, double closes and novations — tracked to the finish line.
The contract is not the win; the closing is. Coordinate assignments, double closes and novations with clear tasks, documents and dates so nothing stalls in the last week.
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The deal structures
Know how this one closes
Double closes
A double close is two transactions. Track both sets of dates, documents and costs so the second closing is never a surprise.
Novations
Where a novation applies, keep the agreement, the scope of work and the buyer terms connected to the deal record.
Title coordination
Track title, payoff and closing coordination with clear owners, so the last week is execution instead of scrambling.
Keep the close moving
Own every task until it funds
E-signature and documents
Track document status — sent, signed, returned — so a missing signature surfaces days before the deadline, not on it.
Communicate early
Give sellers and buyers status updates before they ask. Silence in the final week creates the problems.
FAQ
Questions investors ask
What is an assignment contract in real estate?
An assignment contract lets you transfer your rights in a purchase agreement to another buyer, usually for an assignment fee. It must be allowed by the contract and by the rules in your state.
What is the difference between an assignment and a double close?
An assignment transfers your contract to the buyer before you close. A double close means you actually purchase the property and sell it again, often the same day — more private, but it involves two transactions and their costs.
How does REI BOSS support closings?
Closings live as tracked work: tasks with owners and due dates, document status and the next action visible to the whole team. Check current transaction connections for the details.
Close without the scramble
Track every assignment, double close and novation as owned work.
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