Assignment Sales Are Just Another Area of Our Expertise

Toronto Real Estate Podcast with Rene Ahmad

No matter the type of sale, we can help. In fact, we are in the process of facilitating a tricky assignment sale of a new property.

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An assignment sale is when the original buyer of a property allows another buyer to take over their rights and obligations of the purchase agreement before the original buyer takes possession of the property.

I am in the process of completing an assignment sale for a brand-new unit. In fact, it’s still under construction. I’m holding a private open house for the property with a few select buyers that are looking for a unit just like this one.

The original buyer is happy because they are going to make a profit off of the sale. The new buyer is happy because they are going to get the first crack at this property and not have to compete with other buyers for it. If the property was listed on the MLS, the competition would likely be heavy. Everyone wins when we are able to coordinate an assignment sale like this.

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We’re always looking for win-win situations.

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If you have any questions for us or know someone in need of a buyer for an assignment sale, let me know. We may be able to help out. I look forward to hearing from you soon.