REAL PROOF- Why Pay $350K when you can buy at $317,500K for a Downtown Luxury Condo!

Since people are posting MLS Listings.  I thought I'd show a couple of them as proof so the smart and savvy Investors or REAL Buyers who want to buy for their personal use can get an EXCEPTIONAL DEAL!   Move in June 2011!!

This is a luxury condo by Tridel at Yonge & 401, with POOL and full amenties.

Contact Jas Jagpal, RE/MAX Dynasty for details on this Assignment.  1BR + D, and you get 1 PARKING!!!!! 

jasjagpal@rogers.com

A maximum of 2 draw tickets for every trade in real estate.  (Referral ticket & Seller ticket ; Referral ticket & Buyer ticket). 1 draw ticket for every trade in real estate where there is no referrals.  (Seller ticket or Buyer ticket).  You have 1 in 4 chance of winning an ipad2.  Draw tickets to be given to all Buyers, Sellers, Leasers, Assigners, Referrers that result in a trade of real estate starting March 21st, 2011 to Aug 31st, 2011.  Draws will be held on Sept 4th, 2011.  Winners will be notified by Newsletter, E-mail and by phone and agree to have their name published on Jas's print and web marketing material.

GET A FREE SELLER CONSULTATION & CMA - Click Here
Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST • Assign • Lease in the GTA.
Join my FACEBOOK FAN PAGE - "REAL ESTATE NUGGETS". 

RE/MAX Dynasty Realty Inc.  O: 905-471-0002 Cell: 647-272-6629
E: jasjagpal@rogers.com W: www.JasJagpal.com  W: www.TheTorontoCondoRealEstate.com
© 2011 Jas Jagpal, Sales Representative, BSc. York University

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Why Do Smart Home Buyers - Buy Assignments?

As a Toronto Condo Real Estate Professional... one of the questions people looking to buy a condo have is "what is a condo assignment?".  Often people aren't even aware they can buy/ sell a condo by way of an assignment.  Many of these Buyers would buy Condo Assignments if they knew they would be saving thousands and buying below market value of resale condos. 

In Condo real estate, developers need to sell a certain percentage of units when building a new Condo Tower inorder to get financing to build. For example, Tridel was selling Solaris Condo units in spring 2007, at Kennedy & 401, that are starting to occupying in spring 2011.  Most often investors by these units 3 to 4 years ahead of time at VIP prices and their Realtors help them get an Assignment clause in their purchase and sale agreement.

Why would the original purchaser assign?  There can be many reasons but the main two are: Investors save on "closing costs" and they do not have to arrange a mortgage on the remaining funds due.

The Pros of buying an assignment?  The advantages for a Buyer are big dollar savings!   They save thousands from the current day market price of buying a resale condo... in addition they get the pleasure of buying NEW and having a shorter wait period to move in (3-6 months instead of years). 

The Cons for a Buyer:  They have to come up with significant downpayment and make up the difference between what the original buyer paid an their paying.  See Example Calculation.

If you have an Assignment for Sale then advertise it at www.TheTorontoCondoRealEstate.com

If you are looking to buy an assignment, at Tridel's Solaris 2 (Kennedy & 401, near Scarborough Town Centre) or Tridel's Avonshire at Yonge and 401... go to the Toronto Condo Real Estate Website or contact me directly.  It's quite easy!

The Toronto Condo Real Estate
www.TheTorontoCondoRealEstate.com

Jas Jagpal, BSc. York University - Toronto RE/MAX Sales Representative
Cell: 647-272-6629  O: 950-471-0002   F: 905-471-7441
Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST in the GTA.

Do you own a Condo at Scarborough Town Centre and looking to sell? 
Consider getting Jas's Flat FEE Listing and SAVE Money.

© 2011- Jas Jagpal, Making Good Things Happen For You!

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos, Toronto Real Estate: www.JasJagpal.com
Posted on: www.1stoprealestate.ca : www.LinkToMorningside.com: www.MarkhamBoxgrove.com

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Posted via email from Markham Boxgrove Real Estate Blog