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…