What Is An Assignment Sale

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  • Post last modified:February 19, 2023

What Is An assignment Sale An assignment sale is a real estate transaction in which the original purchaser of a pre-construction property (such as a condo or a house) sells their purchase contract to a new buyer before the property is completed and occupied. In an assignment sale, the original purchaser is effectively assigning their interest in the property to the new buyer, who then takes over the contract and becomes the new owner of…

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