assignments are easy
Life changes, needs change over the years, and contracts can be difficult to break. That’s when assignments come into play: They are the privilege of entering/exiting an existing buyer contract with a developer. Effectively a new buyer steps into the existing buyer’s shoes to close with the builder.
Sellers
If you are a seller, it’s good to know you have a plan B should you not want to close. However most builders do not permit the use of MLS to advertise your assignment. This is because they do not want any competition with any units they have for sale. That is where we come in. Through our private broker network, we have access to over 10,000 real estate agents and we are able to put your property in front of millions of buyers. The buyer of your contract will repay you any deposit you have provided the builder, plus the difference in your sale price vs. the builder’s price.
** We advertise your unit through the broker network, to get you the most money. **
To discuss assignments, call us at 416-662-5741 Or fill out the form below and we’ll call you back within 24 hours.
Buyers
If you are a buyer, you can make incredible profits by buying someone’s assignment. By effectively jumping into their shoes at the right time, you can catch up on years of market appreciation. You can lease it to a tenant and hold for the long term, live in it, or flip it on the open market. To discuss the strategy for BIG PROFITS and assignment timing, call Montu at 416-662-5741.
Top 3 Questions About Assignments
When is the best time to buy or sell an assignment? Near the end of construction.
Are they negotiable? Yes, in almost all cases the price is not set like with builders, you can negotiate.
How do I know I’m getting a good deal? Ask us for neighborhood comparables to see where the market is right now.