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Yossi Kaplan on
Toronto Condos Assignments
For Sale.
On June 23rd, 2009 I was interviewed by David
Grossman host of MenschLife.TV on
ThatChannel.com.
What are
Condo Assignments?
Condo Assignments are Toronto Condo sold previously from a Developer to
an individual, which are now back on the market offered for sale from that
individual buyer to anyone who would like to be the new owner of that new
condo.
When we say
Condo Assignments we always refer to a Toronto Condos yet
to register. Since the original owner has yet to take possession and close
on the unit, you can buy their contract and assume that contract as if you
bought from the developer yourselves.
If the Condo has already registered, then the
type of transaction is called "Re-sale" and it's the standard transaction
you already know: buying an already-existing condo from someone who already
owns it.
Note that Condo Assignments require a relative
large amount of cash down, as the Assignee (person buying the Assignment)
requires to pay the initial deposit plus any differences on the price
agreed.
Watch the video to learn more!
Links:
What condo purchasers need to watch for
Toronto Condos Toronto Lofts: Maple Leaf Square Condo Assignment
Toronto Condos Toronto Lofts: Two Condo Assignments
Toronto Condos Lofts Assignments New Developments
For contact information please use this form >
Yossi Kaplan, MBA
Specializing in Condos, Lofts, Investments and New Developments
Harvey Kalles Real Estate Ltd., Brokerage
tel 1.416.441.2888 x 678
fax 1.866.598.6001
www.urbanrealtytoronto.com
