Selling an option contract I have on a house?

Asked by Seller, North Carolina Sat Feb 14, 2009

I have an option contract on a house that the seller and I worked out, now my job is requiring that I relocate. Can I sell my option contract just as if I owned the house if the seller agrees that the option would be assignable?

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Seller, Home Seller, North Carolina
Sun Feb 15, 2009
Thank you for your answers, I am pretty sure as long as the contract states that it is assignable then I can sale it, my biggest concern is the new buyer qualifying for a mortgage. I work for a national lender and we really frown upon contracts for deeds, assignable contracts and double closings. I appreciate your advise and will consult my counsel.
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Keith Sorem, Agent, Glendale, CA
Sat Feb 14, 2009
This is a legal question.
I would suggest that only an attorney with access to the documents offer your advice.
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Dallas Texas, Agent, Dallas, TN
Sat Feb 14, 2009
You need confer with buyers agent, have your sales offer contract amended. Some states per law on residential dont allow assignment of contract vs. commercial properties do. GREAT QUESTION !
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