Tag: buy presale
-
Selling A Presale Assignment In Vancouver. What Are They? Are They Safe?
A presale assignment is essentially defined as the re-sale of a property or unit that has not yet been built or is not yet complete. Most commonly, a presale unit is a condominium or townhome, but it can also be a single-family home. Property Assignment Is Not The Sale Of The Property Itself But Of…
-
Why Buy A Presale Assignment?
A presale in real estate means a buyer commits to a purchase contract before construction is either started or is not yet finished on a development – usually a condominium or townhome. If the buyer then decides they no longer want to complete the transaction, they can often times, sell the presale contract to another…
-
How Does An Assignment Sale Work In BC?
An assignment sale occurs when a buyer of a property elects to sell their interest in the property before the original sale transaction is completed. Since they do not own the property and title has not yet been transferred to the buyer, they are actually selling their agreement to purchase the property to another party…