How to tell if a buyer plans to sell your contract instead of buying your house
Some buyers sign a contract with you and then sell that contract to another investor. It's called assigning, and it isn't always explained plainly. Here's how to spot it.
Five signs to look for
Look at the buyer's name on the contract
Words like "and/or assigns" after the name mean they can hand your contract to someone else.
Ask directly: "Will you be the one closing, with your own funds or financing?"
A real buyer answers yes without hesitating.
Check the deposit
A very small deposit, like $100 to $500, can mean they aren't planning to buy themselves.
Watch for extra access requests
If they want to bring "partners" or "investors" through the house after you sign, they may be shopping your contract.
Notice price changes late in the deal
If your price drops near closing, they may not have found a buyer at the original number.
If an offer you've received has any of these, send it to us. We'll go through it with you, even if you don't sell to us.
Send Us Your OfferThis page is general information, not legal advice. Have a New York real estate attorney review any contract before you sign.