Tag: presale assignment
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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…
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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…
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All About Assignment Fee: The Only Guide You’ll Ever Need
In real estate, when a buyer and seller enter into a purchase contract, a buyer will on occasion decide to sell an assignment of the contract to another buyer. To facilitate this, there is generally an Assignment Fee charged to the new buyer.