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Buy Condos on Assignment Sales
Great deals , capital gains, less competition, more selection,amazing new locations
ADVANTAGES FOR PRE-CONSTRUCTION CONDO BUYERS:
- Pre-construction condos are developed in new desirable locations , they are rich in amenities and are using the latest designs and construction concepts. Right now the vast majority of the builders in Toronto are selling the new pre-construction units at a price ( per sqft) approximative 10 % higher than the resale market. The builders are taking advantage of the high condo demand and the are selling at the future price, cashing in now the future condo appreciation. Except you really have to buy in a certain location, it is a better and less expensive option to buy a condo assignment than a pre-construction condo.
- You will have less competition and bigger condos selection in great locations. The buyer’s pool will be smaller because as a buyer you will need 20% down payment plus the difference between the original selling price and condo assignment price( the price you pay). Not a lot of buyers will afford this down payment and you will buy at a better price with bigger down payments
- Your condo assignment purchase will have the highest capital appreciation in the first 5 years. New condo buildings projects with desirables amenities (pool, sauna, courts,..) , combined with exclusive locations , will make this condo units the most desirable units for the rental market. There is a direct link between the condo rental price and condo's market value and a higher rental price will increase the market value of your assignment purchase.
Please call 647-863-0111 or email us at firstname.lastname@example.org for updated daily listings : Toronto Condo Assignment Sale