What Are Assignments?
An assignment is when a Seller sells their interest in a property before they take possession – in other words, they sell the contract they have with the Builder to a new purchaser.
When a Seller assigns a property, they aren’t actually selling the property (because they don’t own it yet) – they are selling their promise to purchase it along with the rights and obligations of their Agreement of Purchase and Sale contract. The Buyer of an assignment is essentially stepping into the shoes of the original purchaser.
The Benfits & Risks Of An Assignment Purchase
The benfits and risks of purchasing an Assignment are the same as a Presale. Contact us now to learn about our the process and our feature Presales Assignments!
WARRENTY PROTECTION
All Pre-sale homes come with extensive warranty protection ensuring your peace of mind and the protection of your investment.
HOLD MORTAGE PAYMENTS
You don’t start paying the mortgage until completion of the building, giving you the chance to save more for the down payment.
POTENTIAL VALUE INCREASE
If prices rise over time your new home will be worth more than what you paid for it – before you take possession!
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