If it is a deal at $30k with this person seeking a house like you describe, then it is a deal for anyone else also. You still have to convince the seller to take $30k for it. While it may be your offer, you need it tied up before you can offer it to another.
Yes, you can put a weasel clause in of anything you like, but I would be looking at locking the contract up first when you find them like this for $30k. Now if the seller doesn’t budge on the $68k, will it still be a deal?
For assigning, you can use something as the contract is between the seller and you and/or assigns. Or you can have a 1 line sentence in the addendums that says you have the right to assign. And as you mention, you could possibly also double close the transaction and just pay the double fees.
Both assigning and weasel clauses should get you plenty of hits in the archive search here.
Requesting E. Texas advice for new investor - Posted by RM - TX
Posted by RM - TX on January 04, 2003 at 19:33:48:
I called an ad that was seeking a house: 3br, 2ba, slab foundation up to $100,000.
I know of a bank-owned property that matches the description and has been listed for several months. The listing price has gradually been reduced from 78,000 to 68,500 in that time. It appears to be good for a (wholesale) flip. I probably would only offer around 30,000, as the person who ran the ad was an agent seeking for another buyer. It didn’t sound like she was an all out investor.
It needs only a little work based on my observations (I have seen the inside).
It is listed through an agent. What exactly can I do on an offer that would let me assign it or double close or anything else to make the deal, and still have the (weasel) clauses that let me slip out of the deal if the potential buyer doesn’t want it ?