Why Selling as Assignment?
- Due to plan changes. Often from the time you purchase a pre-construction and by the time it closes, it might take more than 4 years. Things can change and new plans come up. New Jobs, growing a family, moving to another city, all circumstances are possible for someone to sell as an Assignment.
- Financially not capable. Sometimes the original purchaser does not meet the qualifications to get financed and better to assign it to someone else.
- No intention to close from the beginning. Many investors who purchases many pre-construction at once with no intention to close the property. It is all about lock in with profit now VS wait to close the property.