Louie Luk 416-456-3810 The key to selling your home!

Definition of Assignment


CONDO ASSIGNMENTS FOR SALE

DEFINITION
An assignment (i.e. purchase) of the right to purchase a property. Specifically, it can be the transfer of a contract to purchase, before occupancy. After occupancy, the property can be sold and is classified as a 'resale'.

WHY ASSIGN AND NOT SELL?
The City has not given the permission for Occupancy yet. It cannot be a sold using conventional methods.

EXAMPLE
A Buyer just bought a new Condo. The Builder has given the Buyer the RIGHT TO ASSIGN the unit (sell the agreement) to another Buyer. This may happen for various reasons:

  • Buyer must sell
  • Buyer wishes to take out equity
  • Property appreciated and Buyer wishes to re-invest appreciation

 


Eaton Square Townhome in Victoria Square Markham Single Garage 1848 Sqft


Eaton Square Townhome in Victoria Square Markham Single Garage 1848 Sqft

Eaton Square Townhome in Victoria Square - 

Assignment Opportunity For Spacious 1848 Sqft Freehold Townhome To Be Built In Victoria Square. Single Garage Plus Driveway Total Park 2 Cars. 9 ' Ceiling, Hardwood Floor, Facing Onto Park. Block 23 lot #2  

 

 

 

Asking $899,000

 

 

 

 

 

 

 

 

 

 

 

 

 

VIP Preview Condo  |  Assignment Best Deals  |  Resale Home  |  Resale Condo  |  Commerical  |  Mortgage Calculators  |  Contact Me
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: