22 - Assignments an Overview. Advantages and Risks for Both Buyers and Sellers
Real Estate – Homes & Spaces by Ema Dantas
English - February 02, 2021 01:00 - 8 minutes - 6.21 MBInvesting Business Education toronto real estate new home buyer in toronto buying a home first time home buyers house for sale Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: 22- Tittle Fraud and Identity Theft
Next Episode: 23 - THE IMPORTANCE OF A HOME INSPECTION BEFORE BUYING
Ema is an expert on assignment deals.
In this podcast she shares the basics on assignments.
With an assignment, the Seller is actually selling their interest in a property (or shall we say, contract with the builder). They aren’t selling the actual condo (as they don’t own it yet); they are selling their promise to purchase a property.
When you purchase an assignment, you are essentially stepping into the shoes of the original purchaser. You can’t renegotiate the price or terms of the contract, you are simply taking over the contract as it already exists.
Listen and share to find out more.