Much press has been given to the idea of the United States converting to an “information based” economy and indeed, the United States has many examples of people putting their knowledge to work and making a lot of money by doing so. Although more often than not when people refer to information-based money making opportunities they are referring to some new trend in the technology sector, this is not really an accurate representation of the concept. Indeed, having specialized knowledge can be profitable in almost any field, including the real estate market.
The concept of the Cooperative Assignment is really a case study in applying specialized knowledge to the real estate market, helping people dealing with their own real estate problems while also making a personal profit for doing so. In the most basic sense, this is a third party stepping in to help real estate sellers and prospective renters and/or home buyers find one another and reach an accommodation that satisfies the requirements of both parties. This is, of course, the very epitome of being a “middle man”, but at the same time realistically middle men exist for a reason: they know how to get things done that the principals do not.
On the seller side, the Cooperative Assignment method usually involves convincing property owners that are having difficulty selling their properties to accept a lease to purchase or lease with option to buy agreement as opposed to an immediate full payment for their home. Plainly, most buyers would prefer to sell their homes outright and be done with the matter, but this is not always possible, especially since the collapse of the American residential real estate market which began in late 2008. Today many home owners are trying to sell their properties or otherwise get out of their mortgage agreements, many of which were arranged when the property in question was significantly overvalued.
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