RSS

In slow or downturn markets, it’s common for some buyers to try to get out of pre-sale contracts. They do so by ‘assigning’ the contract. This is when one party to an existing contract (the "assignor") transfers the contract's obligations and benefits to another party (the "assignee"). In most cases, developers don’t allow them to advertise on MLS, so we’ve included a few current examples of new assignments below:


#201 - 2688 Duke Street

Vancouver, BC

$600,000

1 BED | 1 BATH | 630 SQ. FT. INDOOR | 208 SQ. FT. OUTDOOR PATIO


#1004 - 1633 Capilano Road

North Vancouver, BC

$798,000

1 BED | 1 BATH | 580 SQ. FT.


5706 - 1289 Hornby Street

Vancouver, BC

$3,650,000

2 BED | 2 BATH | 1,623 SQ. FT.


The details of an assignment are extremely complex as there are many variables that require expert help. If you’re interested in shopping assignments or have any questions of what the nitty-gritty of taking over an existing contract would look like, feel free to send us an email or give us a call!

Read
RSS

In slow or downturn markets, it’s common for some buyers to try to get out of pre-sale contracts. They do so by ‘assigning’ the contract. This is when one party to an existing contract (the "assignor") transfers the contract's obligations and benefits to another party (the "assignee"). In most cases, developers don’t allow them to advertise on MLS, so we’ve included a few current examples of new assignments below:


#201 - 2688 Duke Street

Vancouver, BC

$600,000

1 BED | 1 BATH | 630 SQ. FT. INDOOR | 208 SQ. FT. OUTDOOR PATIO


#1004 - 1633 Capilano Road

North Vancouver, BC

$798,000

1 BED | 1 BATH | 580 SQ. FT.


5706 - 1289 Hornby Street

Vancouver, BC

$3,650,000

2 BED | 2 BATH | 1,623 SQ. FT.


The details of an assignment are extremely complex as there are many variables that require expert help. If you’re interested in shopping assignments or have any questions of what the nitty-gritty of taking over an existing contract would look like, feel free to send us an email or give us a call!

Read
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.