Why Assignment Pros
Condo Assignment Specialists
This is all we do, we have a complete understanding of assignment transactions and as subject matter specialists we specialize in the acquisition and sale of assignment properties in Ontario.
Extensive Assignment Network
Our exclusive and proven marketing system means we have access to the largest network of assignment sales in Ontario, enabling us to sell your unit for highest value and helping connect buyers to their preferred unit.
Turn-Key Service
Our team is complete with assignment lawyers and accountants to ensure you can make an informed decision and have the required expertise throughout the transaction.
What Does “Assignment” Mean in Real Estate?
An assignment refers to a sales transaction where the original buyer (the assignor) of the property enables a new buyer (the assignee) to assume the buyer’s rights and duties under the Purchase and Sale Agreement (APS) before the original buyer closes the property.
The assignee will be the one to complete the deal with the seller. Overall, it’s vital to have an experienced and certified assignment specialist assist you when buying or selling an assignment property in Ontario. Our team from Assignment Pros can provide a smooth and successful experience for both assignees and assignors.
Active Condo Assignments for Sale
Recently Sold Condo Assignments
Get an Accurate Assignment Market Update
During our initial consultation, we will provide an accurate analysis of similar units sold in both assignment markets and resale markets and explore the pros and cons of the unit you intend to acquire.
Benefits of Having Assignment Pros Assist You
We Can Provide Increased Visibility and Traffic to Your Assignment Property
It can be challenging to find buyers for an assignment property. We can help you fast-track your assignment sale by enabling you to utilize our extensive network and
No Need to Worry About All the Legal Paperwork
When you work with us, we will handle all of the time-consuming and colossal legal paperwork for you. We are well-versed when it comes to collecting and submitting all the necessary legal documentation for an assignment sale.
We Can Find the Best Deals for You
We have access to a wide range of assignment properties, including assignment properties that may not be available on other listings. Through our extensive database and our comprehensive network, we ensure that we can find the ideal assignment property for you.
We’ll Assist You From Beginning to Closing
Whether you are an assignor or an assignee, we will thoroughly assist you throughout the entire assignment sales process.
Important Factors to Consider When Purchasing or Selling Assignment Properties
Although selling and buying assignment properties is legal in Ontario, there are important technical restrictions and requirements that govern the purchase and sale of pre-construction assignments.
Developer Restrictions
Restrictions pertaining to the number of assignments permitted by law per project and assignment fee. Assignment Pros understand all restrictions and regulations of assignments in Ontario.
Condo Registration
If the assignment property is a condominium, it must be registered with the condominium corporation, and the assignee must meet the same requirements expected from the original buyer.
Tax Implications
Condo assignments may be subject to additional taxes such as capital gains taxes and land transfe r taxes. Our assignment lawyers and accountants help clients close deals with a peace of mind.
Retrieving Disclosure Statement
Before an assignment sale in Ontario is approved and legalized, developers must provide assignors with a full disclosure statement outlining all the necessary terms and conditions of the sale.
Finding the Best Financing Options
Finding financing for Ontario condo assignments may be more challenging as some lenders require a higher down payment or charge a higher interest rate. Assignment Pros can help.
ENQUIRIES?
CONTACT OUR ASSIGNMENT EXPERTS NOW
Difference Between Resale and Assignment
Resale Properties
- The property is registered in the land registry system in Ontario.
- You can physically view the property
- Requires a mortgage
- Closing date is 60-90 days
- Potential for growth is lower compared to assignment properties
Assignment Properties
- The property is not yet registered and will only be registered to the land registry system once construction is finished.
- You can’t physically view the property until construction is finished.
- Does not require a mortgage but requires at least a 25% down payment.
- Closing date can vary from months to years
Our Condo Assignment Services
Excellent Marketing
It can be challenging to market an assignment property due to its niche nature. We will ensure that your assignment property will attain maximum exposure using our proprietary marketing system. We will leverage our exclusive channel to fast-track your property sale.
Access to our Database
To secure the best deals, access to new listings is vital. Through our extensive database and comprehensive networks, we can provide assignees with an exhaustive list of properties to choose from. We will also regularly alert you for new listings added to our database.
Market Analysis
Market analysis is crucial in ensuring that sellers and buyers get a fair offer for their assignment property. Assignment Pros can perform in-depth market analysis and provide deep insight into current supply and demand dynamics to help you determine the accurate value of your property.
Hear What Our Clients Say About Us
Josie C.
Their team was outstanding!! We are very lucky to have had the opportunity to work with Taz & Labeed . They are not only genuine, but take much pride in all aspects of their work and makes sure things run smoothly. From day they have been very helpful and always looked out for our best interest in finding us our Assignment property. Thank you so much, you guys are truly gems!!!
Khalid I.
I had Purchased a precon a few years ago and unfortunately could not close on the unit. I had never done an assignment sale before so was a little bit nervous as I had heard they can be complex. The guys at Assignment Pros were awesome and easy to talk to when I reached out to them. They went over the entire process from start to finish and provided honest and transparent advise. Long story short we were able to sell my unit and I couldn’t be happier and more importantly a stress off my shoulders
Huang L.
Labeed is very knowledgeable and professional and knows what he is doing, he guided me through each step and made sure that all my questions were answered. Thanks to him I was able to buy a brand new condo downtown on Assignment under market value!
Anishka R.
These guys have been by far the best to work with in the industry! I’ve been in the market for some time and worked with many agents but my experience with them has been outstanding. They went above and beyond exceeding my expectations on my first Assignment Sale. Their extensive knowledge and experience in the market as Top real estate agents made the whole process very smooth. I am very satisfied and comfortable working with Taz and the team. I highly recommend them to everyone looking to sell or buy an assignment.
Toronto’s Largest Assignment Property Wholesalers
Assignment Pros is Toronto’s largest assignment property wholesalers.
We provide reliable, honest and expert guidance no matter your price range.
FAQ’s
What is an assignment sale condo?
An assignment sale condo is a sale of a contract stating the purchase of a pre-construction condominium unit.
How to sell your condo as an assignment?
Selling a condo assignment is a complex process that involves finding a buyer, obtaining consent from the developer, accurately determining the value of the property and more.
When selling a condo assignment, it’s best to seek assistance from the assignment experts at Assignment Pros, we will assist you throughout the process and expedite the process.
How to buy an assignment condo?
Buying an assignment condo entails thorough research, finding financing options, and negotiation, which can be overwhelming, especially to inexperienced buyers.
If you’re considering purchasing an assignment property, let the assignment experts from Assignment Pros help you. We will deal with all the hefty paperwork and help with negotiations. We can assist you from establishing your initial budget to closing the deal.
Are assignments legal in Ontario?
Yes, assignments are generally legal in Ontario. However, there may be a few restrictions when it comes to buying and selling assignment properties depending on the specific terms of purchase agreements and the developer or builder’s policies.
The mandatory disclosure of the assignment and restrictions on the assignment fee is currently implemented by the Ontario government to protect both the assignor and assignee.
It’s vital to thoroughly review the purchase agreement and seek assistance from experienced assignment professionals before buying or selling an assignment property.
Talk to Our Assignment Property Experts Today
Contact us now and talk to one of our Ontario condo assignment experts today to discuss your assignment property acquisition or property assignment sale.
Major Cities Served:
We provide assignment sales services in the following cities:
- Toronto & GTA
- Mississauga
- Milton
- Brampton
- Vaughan
- Ajax
- Pickering
- Oshawa
- Barrie