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Pre Sale Condo Assignments in Vancouver – What are They? Are they Safe?

Along with the rise of the Vancouver's Pre Sale Condo market, the market for Pre Sale Condo Assignments has been a huge money maker for investors in Vancouver Real Estate. What are Pre Sale Condo Assignments? A Pre Sale Condo Assignment is when the original Buyer of a Pre Sale Condo sells their rights to a completed condo to another Buyer before that condo is completed. The reason the word "Assignment" is used because the original Buyer assigns their rights to the new Buyer. The Seller of an assignment is the Assignor and the Buyer of an Assignment is the…

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What is a Pre-Sale in Vancouver Real Estate?

 Pre-Sales in Vancouver, British Columbia Canada Open the Georgia Strait or any other local paper and you'll notice advertisements for apartments and condos. Most of these places don't yet exist. Why? Because they are pre-sales! What is a Pre-Sale? A pre-sale is when a Developer sells a Buyer a property before that property is built or completed. The Buyer purchasing the pre-sales is buying the right to a completed property that will be built in future. In the UK and elsewhere Pre-Sales are referred to as Off Plan Investments. Why do people buy Pre-Sales? Pre-sales are popular with investors…

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