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What You Need To Know About Assignment Sales

Author: 
Toronto Realty Boutique
Publication date:
December 1, 2022
Article Summary: 

The blog discusses assignment sales in the Toronto condo market, which is the sale of a property before the original buyer closes on the property, allowing another buyer to take over the rights and obligations of the Agreement of Purchase and Sale. Assignment sales can be beneficial for both the seller and buyer, but working with an experienced real estate broker is important. The reasons for selling on assignment can include life changes or financial reasons. The process involves finding a buyer who can provide a deposit equal to the original purchase price and negotiating the terms of the assignment deal. The importance of working with a realtor and lawyer who know the ins and outs of these deals is emphasized.



Keywords: 

assignment sale, real estate broker, Agreement of Purchase and Sale, pre-construction condo, investor, financial reasons, interim occupancy period, purchase deposit, highly desirable building, realtor, lawyer.

Source Citation: 
Toronto Realty Boutique
What You Need To Know About Assignment Sales
December 1, 2022
https://torontorealtyboutique.com/what-you-need-to-know-about-assignment-sales/
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