I am representing the future owner of a yet-to-be-built condo at the South Beach Condo project at Etobicoke / Humber Bay. Even though the suite will not be completed until next spring, they are looking to sell now.
How can they do that, if the suite is not yet theirs? Well, it is a bit complicated. They are selling their interest in the contract to purchase the suite from the builder. In real estate speak that is called and assignment.
Here is the details about their South Beach Condo Assignment.
This site gives you more information about Toronto Condo Assignments
Let me know if you are interested in this suite at South Beach Condo, or if there is another assignment you are interested in.
-Ralph
Etobicoke Real Estate
Monday, August 16, 2010
Friday, August 06, 2010
June market
August 5, 2010 -- Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
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