What is an assignment?
A Condo Assignment is a legal sales transaction whereby the Original Purchaser (the “Assignor”) of a property sells, and thereby transfers, their interest and obligations under the original contract to a new Purchaser (the “Assignee”).
Assignment sales can be complicated transactions and is a very niche market, so it is important to have a Broker on your side that is very experienced in Assignment transactions.
A big part of my business is in working with Assignments and Investors. In addition I am an investor myself and have successfully Assigned dozens of my own units.
