Assignment of contract is generally something that all parties have to agree to in writing. If you can get the Seller to agree to assignment in the original contract, it makes it easier. There are legal and tax consequences to assigning a contract and an attorney should draft the assignment. Talk to your CPA and attorney about specifics. If you appreciate an answer, please give "thumbs up". For the most helpful answer, please say thanks with a "best answer" click.
Kathleen Turner, ABR, CRS, ePro
The Kathleen Turner Realty Group