An assignment sale is a transaction in which a buyer (the "Assignor") has purchased a property and then sells their interest in that property to another buyer (the "Assignee") prior to the property closing.. Cons of buying an assignment condo . You, as the buyer (assignee), require a substantial amount of cash in order to buy an.. Outlining What a Condo Assignment Sale Is. In its purest form, a condo assignment is a unit that was originally purchased by a buyer during the pre-construction phase and that buyer wants to sell it prior to the building's construction being completed, before an occupancy date reached and the building has been officially registered.

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An assignment is a sales transaction of a property that has not yet closed with the builder. The buyer, called an "Assignee," is purchasing the rights and obligations under the original Agreement of Purchase and Sale from the original buyer, the "Assignor". A Seller/Assignor does not own the property yet; they are selling their contract.. Weighing the Pros and Cons of Assignment Purchases. While discounted pricing and equity gains tempt buyers, assignment transactions have risks to consider. Weigh the key pros and cons before proceeding: Potential Advantages. Lower Entry Price: Assignors sell at a discount to exit quickly and avoid future closing fees. This discounts purchase costs.