If you're interested in either buying or selling an assignment or presale property, you need a Kelowna Presales realtor who is experienced in finding, negotiating and drawing up the offer for these types of sales. This means you've come to the right place! We have a wealth of expertise, knowledge and resources when it comes to assignment sales and we would be more than happy to discuss the idea with you. While this might be a new concept for many potential home buyers, purchasing an assignment sale is a common transaction in the Kelowna area and as long as you surround yourself with experienced professionals who can walk you through the process, an assignment sale can be a good opportunity to purchase a home that meets your requirements. With so many new home and condo developments being built across the Kelowna area, it is very possible you will find an assignment sale during the home search process that meets your search criteria. An assignment sale is quite different from a standard real estate sale and it's important to understand those differences. For more information please call us today or simply fill out the form below and we will contact you as soon as we can.
WHAT'S AN ASSIGNMENT?
An assignment is when a Seller sells their interest in a property before they take possession - in other words, they sell the contract they have with the Builder to a new purchaser. When a Seller assigns a property, they aren't actually selling the property (because they don't own it yet) - they are selling their promise to purchase it, along with the rights and obligations of their Agreement of Purchase and Sale contract. The Buyer of an assignment is essentially stepping into the shoes of the original purchaser. The original purchaser is considered to be the Assignor; the new Buyer is the Assignee. The Assignee is the one who will complete the final sale with the Builder.