Selling a Pre-Sale Assignment

In this section, you’ll find a handy collection of the most common documents and forms you see when selling a pre-sale assignment contract. We’ve included simple descriptions for each one, so you’ll know exactly what you’re looking at.

Let’s start with the basics!

First things first, we need to check out your original purchase contract. It’s like the rulebook for your condo deal, and it’s got some important info we need.

Here’s what we’re looking for:

• What exactly did you buy? (We need to know what we’re working with!)
• Does the developer allow assignments? (Some do, some don’t – it’s usually spelled out in the contract)

Now, even if assignments are allowed, there might be some conditions:

• The developer might have rules about how we can market your unit
• We’ll need to get the developer’s okay before we can sell

Why all this fuss? Well, we don’t want to start trying to sell something we can’t! It’s like making sure we have the keys before we throw a house party.

So, step one is understanding what we can and can’t do. Once we’ve got that sorted, we can move on to the fun part – getting your condo assignment sold!

Just a quick heads-up! We’ve put together a list of key documents you’ll want to check out. The most common ones include your original purchase agreement, any addendums, and disclosure statements. Don’t worry if that sounds like a lot—we’ll go over each one with you and explain why they’re important for your assignment sale.

Remember, we’re here to guide you through every step. Let’s make this assignment sale a success!