How Buyers Benefit
Buying an assignment property is a fantastic opportunity for buyers for many reasons:
Better Opportunities: Oftentimes, buyers miss their chance on a pre-construction project and have to wait years for a unit in the building to come on the market. With assignments, buyers can get into their dream building earlier, sometimes just a few months before occupancy.
Less Competition: Assignments are a lesser-known purchasing option, therefore, fewer buyers pursue them. Assignment buyers can usually avoid stressful multiple offer scenarios and leverage a seller’s need to sell quickly.
A Brand New Space: Assignment buyers reap the benefits of purchasing in a brand new building. If they purchase early on in the process, they can usually select their finishes and upgrades, depending on the builder and contract.