Muhammad Hussain - Real Estate Broker

MUHAMMAD
HUSSAIN

 M.COM, PFP REAL ESTATE BROKER
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Office: 416-203-6636 | Direct: 416-318-5264 BUYING, SELLING & ADVISOR OF NEW CONSTRUCTION CONDOS & HOUSES
Muhammad Hussain - Real Estate Broker

What is Assignment of Condos?

Most people who buy a condo take ownership through the Land Registry System. Just before the day of closing, you transfer money to your lawyer and if you need additional funds via a mortgage, your lawyer will register your ownership of the property and the interest of the mortgage lender.

An Assignment means that you are buying a right to own a condo that is not in the Land Registry System. Usually the condo has not been built or it is not ready for occupancy and the building has not been registered. This transaction is just a paper transaction and not the transfer of the actual property. The closing of the Assignment occurs BEFORE the condo is registered. The individual who buys the condos on assignments will eventually close and register their ownership of the condo at some later date.

The number of Assignment transactions is growing rapidly. For sellers who bought a new condo from plans several years earlier and whose plans have changed, this is an opportunity to sell before they have to get a mortgage and incur additional closing costs such as that dreaded, double Land Transfer Tax. For buyers who want a brand new condo without having to wait years for construction to finish, or who can not find what they want in the resale market, it represents a lot more choice.

Most Assignments are sold on an Exclusive basis. They are also more complicated than a regular sale because a mortgage can not be obtained on the closing of the Assignment, and will need to be postponed until the day of registration. Other issues such as Occupancy, reimbursement of the seller's deposits and more must be taken into account.

You need a Realtor that is trained in finding and drawing up the Offer for Assignments. At RE/MAX Condos Plus we have biggest Company site for selling Assignments and we have the most Realtors who are trained in doing these transactions. So if you want to buy or sell an Assignment then you have come to the right web site! I am best trained Realtors with the most knowledge in Assignments!

For More Information on Assignments of Condos in Anywhere in GTA Call Muhammad Hussain at any time 416-318-5264.

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My Testimonials

“After 5 months of anguish, we were still unsuccessful in selling our condo, despite numerous price reductions. We Called Muhammad Hussain from Remax ,after our meeting with him that we knew we were in good hands. From our first meeting, Within 24 days of listing our loft, Muhammad sold it. The result was amazing! We attracted the highest ever sale price in our neighbourhood"
- Richard Hugh

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Toronto Listings Mississauga Listings Why Muhammad? 45 Harbour Square
Toronto, ON
Phone: 416-203-6636
Fax: 416-203-1908
 

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Top 1% in condo sales volume for 2010, 2011, 2012, 2013 in terms of sales volume of condos sold across all of the Greater Toronto Market for 2010 as per Toronto real estate Board. Do not copy any pictures or content of this website without prior approval.

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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 10/23/2017 1:33:03 AM