Assignment Sold

assignment sales refer to the transfer of a buyer's contractual rights to a property, typically purchased during the pre-construction phase, to a new buyer before the property is completed. Unlike traditional property sales, the transaction involves selling the contract to purchase the property rather than the property itself. This practice is particularly prevalent in highly competitive markets such as Toronto, Vancouver, and Calgary, where property values often appreciate during construction. Assignment sales provide an attractive opportunity for both investors and end-users who may have missed the initial sale, offering access to new developments. These transactions can also be advantageous in securing properties at prices below the prevailing market rate, providing flexibility for both parties involved. For more information on assignment sales in Canada, you can visit AssignmentSold.ca.

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