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Advantages of Buying a Condo on an Assignment Sale

Author: 
Toronto Condo Team CA
Publication date:
November 29, 2022
Article Summary: 

This article discusses the advantages of buying a condo on an assignment sale, which is when a buyer transfers their ownership in a property to another buyer before the property's closing. Advantages include obtaining a new condo for a lower price, having an advantage over other buyers, and built-in equity. However, there are also things to note, such as not being able to negotiate the terms of the contract and the payment structure, as well as complications in paperwork. Overall, it is important to consult with a real estate agent and tax accountant before entering into a condo assignment sale.

Keywords: 

assignment sale, condo, real estate, advantages, equity, payment structure, paperwork.



Source Citation: 
Toronto Condo Team CA
Advantages of Buying a Condo on an Assignment Sale
November 29, 2022
https://torontocondoteam.ca/advantages-of-buying-a-condo-on-an-assignment-sale
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