When you are buying into a condo assignment, you are taking over the original purchase contract of a presale condo or townhouse. In an assignment deal, the seller and buyer are involved in the sale and purchase of the contractual rights to a property. Most assignments are done near to completion and hand over of the properties to the buyers.
Assignments are common for buyers who do not wish to complete their presale condo purchases for whatever reasons. For a home buyer who is considering buying a condo, beside looking at resale condos, they should also explore assignments of new condos. There are pros and cons in taking over the assignment of a new condo. It is always advisable for a home buyer to get the help of a Solicitor or Realtor when you are buying a new condo through assignment of a presale contract.
There are deals on resale new condos and new condo assignments, you can call me or email me for more information on assignment deals available in Greater Vancaouver. Click here for info on a brand new resale condo at Brentwood Gate,
Or, follow this link for new condos available in Richmond.