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An Assignment of an Agreement of Purchase and Sale is when an original purchaser under an Agreement of Purchase and Sale permits a different party to take over the contract. New homes, condominiums and even re-sale properties can be assigned.

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

A purchase agreement is a written contract that specifies the price, contingencies, closing date, and other details of a real estate transaction. It is usually prepared by the buyer or the buyer's agent, and presented to the seller or the seller's agent for acceptance.

Get started! Step 1: Prepare your home for sale. Small upgrades and repairs can make a big difference in swaying potential buyers. ... Step 2: Set a price. Pricing strategy can make or break a FSBO sale. ... Step 3: List your Washington home. ... Step 4: Show your home. ... Step 5: Negotiate for the best possible price. ... Step 6: Close.

Assignment of purchase and sale agreements allows the purchaser to take their rights and obligations under a purchase agreement and reassign them to a third party who will take on those responsibilities.

In this lesson we reviewed the fundamental elements of real estate contracts in Washington. These elements include: the parties involved in the transaction, the property for sale or lease, the purchase price or lease rates, the closing date, and the signatures of all the relevant parties.