Buying Presale Condos & Assignment of Contracts
Our Presale Condo experts will answer all your questions about buying presale condos & Assignment of Contracts in Vancouver, BC. It can be a complex process, but working with an experienced team of presale condo specialists can help make it easier.
What is a Presale Condo? Pros and Cons?
A presale condo is a condominium unit that is being sold before it has been built or before construction has been completed. This means that the buyer is purchasing the unit based on plans, renderings, and marketing materials rather than on an actual physical inspection of the unit.
Can a Presale Condo be a Good Investment?
Purchasing a presale condo can potentially be a good investment, but it also carries some risks that should be carefully considered.
One potential benefit of investing in a presale condo is that you may be able to purchase the unit at a lower price than it will be when it is completed and ready for occupancy. This can give you a good return on your investment if the value of the condo increases over time.
What Is A Presale Condo Assignment Of Contract?
In British Columbia, a presale condo assignment of contract is a legal agreement in which the original purchaser of a presale condo (also known as an “assignor”) transfers their rights to purchase the unit to a new buyer (also known as the “assignee”). This is typically done before the unit is built or construction is complete.
Pros And Cons Of A Presale Assignment
There are many Advantages and Disadvantages to purchasing a Presale Assignment of Contract and sale in BC.
Contact us for more information about purchasing Presale Condos & Assignment Of Contracts in Vancouver.