{"id":2254,"date":"2020-05-05T20:04:00","date_gmt":"2020-05-05T20:04:00","guid":{"rendered":"https:\/\/cnrelease.247salescenter.com\/Assignments\/?p=2254"},"modified":"2020-05-05T20:05:29","modified_gmt":"2020-05-05T20:05:29","slug":"benefits-to-buying-pre-construction","status":"publish","type":"post","link":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/","title":{"rendered":"Benefits to Buying Pre-Construction"},"content":{"rendered":"

Key benefits in\u00a0<\/span>buying<\/span>\u00a0<\/span>a<\/span>\u00a0pre-construction\u00a0<\/span>assignment\u00a0<\/span>unit\u00a0<\/span>just\u00a0<\/span>before closing include:\u00a0<\/span>comparing prices among other<\/span>\u00a0pre-construction units closing in the near future and\u00a0<\/span>other\u00a0<\/span>resale units<\/span>,\u00a0<\/span>negotiating the purchase price<\/span>,\u00a0<\/span>not having to wait<\/span>\u00a04 years or more for new pre-construction,\u00a0<\/span>and\u00a0<\/span>buying a new, never-lived-in home with full\u00a0<\/span>Tarion\u00a0<\/span>warranty.<\/span>\u00a0<\/span><\/p>\n

Diana is in the market to purchase her first home<\/span>. She will be moving to Toronto in the Fall\u00a0<\/span>after securing a new employment opportunity. She is having a hard time\u00a0<\/span>finding something that falls within her price range as the real estate market in the city is so high in demand<\/span>,<\/span>\u00a0most resales\u00a0<\/span>end in bidding wars and selling for much more than asking price<\/span>\u00a0and a pre-construction\u00a0<\/span>condo<\/span>\u00a0most likely will not be ready for occupancy when she needs it to be<\/span>.\u00a0<\/span>\u00a0<\/span><\/p>\n

The real estate agent that Diana is working with suggests the idea of looking into and potentially purchasing a new home f<\/span>rom a\u00a0<\/span>pre-construction<\/span>\u00a0<\/span>assignment listing. Since\u00a0<\/span>these\u00a0<\/span>pre-construction<\/span>\u00a0<\/span>units<\/span>\u00a0<\/span>could be<\/span>\u00a0listed for\u00a0<\/span>sale several months before being ready for occupancy, this could be a perfect option for Diana<\/span>\u00a0to consider. Her real estate agent also informs her of the many benefits she can take advantage of\u00a0<\/span>in regard to<\/span>\u00a0buying an assig<\/span>nment.<\/span>\u00a0<\/span><\/p>\n

A key<\/span>\u00a0benefit that Diana can take advantage of is\u00a0<\/span>price\u00a0<\/span>negotiation.<\/span>\u00a0Diana can get herself a great deal and potentially save herself a lot of money when it comes to buying a<\/span>\u00a0pre-construction<\/span>\u00a0assignment<\/span>\u00a0condo<\/span>.<\/span>\u00a0Since the real estate market is so hot right now, there<\/span>\u00a0really<\/span>\u00a0is not an opportunity to n<\/span>egotiate a resale and pre-construction sale prices are set by the developer and\u00a0<\/span>typically not\u00a0<\/span>negotiated. Assignment sales are the best way for Diana<\/span>\u00a0to walk away with a great deal<\/span>, she\u00a0<\/span>can work out a deal right with the seller of the contract. The\u00a0<\/span>original purchaser<\/span>\u00a0may need to sell quickly<\/span>\u00a0and may be more open to hearing offers, allowing Diana to propose an offer and potentially purchase und<\/span>er market value, saving her even more money.<\/span>\u00a0<\/span><\/p>\n

A lot<\/span>\u00a0<\/span>of potential homebuyers that are searching for their new or next home do not have much knowledge of assignment sales. Because of developer\u2019s restr<\/span>ictions on advertising and listing of\u00a0<\/span>the contract<\/span>, these types of sales are a bit harder to find. That\u2019s why Diana\u2019s real<\/span>\u00a0estate agent has suggested searching through these listings, not as many people have knowledge of them, so there is\u00a0<\/span>less<\/span>\u00a0chance of competition for the unit and less chance of ending up in a bidding war with other potential buyers.<\/span>\u00a0<\/span><\/p>\n

Diana\u00a0<\/span>essentially becomes a VIP without having to purchase during the VIP sales\u00a0<\/span>period<\/span>\u00a0of a pre-construction build. Whatever special incentives were included\u00a0<\/span>in the original purchaser\u2019s contract, free parking, free locker,<\/span>\u00a0d\u00e9cor dollars, closing credits<\/span>\u00a0etc. will\u00a0<\/span>now carry over to Diana<\/span>\u00a0when she purchases the assignment<\/span>, once again potentially saving her thousands of dollars.<\/span>\u00a0<\/span><\/p>\n

Another huge benefit that Diana gets to take advantage of is being able to move into a brand new, never lived in home<\/span>. No one has used the bathroom or appliances before,\u00a0<\/span>and typically<\/span>\u00a0comes<\/span>\u00a0<\/span>with\u00a0<\/span>ful<\/span>l Tarion warranty<\/span>, giving Diana complete peace of mind with her purchase. And depending on what stage\u00a0<\/span>construction is at with her physical unit, she may still have the opportunity<\/span>\u00a0to visit the d\u00e9cor\u00a0<\/span>centre<\/span>\u00a0and pick out her own designs, features, and finishes, allowing her to truly make her new\u00a0<\/span>home her own.<\/span>\u00a0<\/span><\/p>\n

Since assignment sales are usually posted for purchase closer to inter<\/span>im\u00a0<\/span>occupancy, another benefit of purchasin<\/span>g<\/span>\u00a0for Diana is being able to move into her new home sooner. Pre-construction<\/span>\u00a0builds, well at least ones of a\u00a0<\/span>high-rise<\/span>\u00a0nature<\/span>,<\/span>\u00a0usually take 4-5 years to complete and be ready for occupancy. By purchasing an assignment, Diana\u2019s new home will be\u00a0<\/span>move-in ready in months compared to years.\u00a0<\/span>\u00a0<\/span><\/p>\n

If you are interested in purchasing your new\u00a0<\/span>pre-construction<\/span>\u00a0<\/span>home through an assignment listing or even just interested in learning more about how\u00a0<\/span>they<\/span>\u00a0work or could benefit you<\/span>, please do not hesitate to contact a CondoNow Certified Expert today, we are here to help you find your new or next home.\u00a0<\/span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Key benefits in\u00a0buying\u00a0a\u00a0pre-construction\u00a0assignment\u00a0unit\u00a0just\u00a0before closing include:\u00a0comparing prices among other\u00a0pre-construction units closing in the near future and\u00a0other\u00a0resale units,\u00a0negotiating the purchase price,\u00a0not having to wait\u00a04 years or more for new pre-construction,\u00a0and\u00a0buying a new, never-lived-in home […]<\/p>\n","protected":false},"author":5,"featured_media":2160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"\nBenefits to Buying Pre-Construction - Assignments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Benefits to Buying Pre-Construction - Assignments\" \/>\n<meta property=\"og:description\" content=\"Key benefits in\u00a0buying\u00a0a\u00a0pre-construction\u00a0assignment\u00a0unit\u00a0just\u00a0before closing include:\u00a0comparing prices among other\u00a0pre-construction units closing in the near future and\u00a0other\u00a0resale units,\u00a0negotiating the purchase price,\u00a0not having to wait\u00a04 years or more for new pre-construction,\u00a0and\u00a0buying a new, never-lived-in home […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/\" \/>\n<meta property=\"og:site_name\" content=\"Assignments\" \/>\n<meta property=\"article:published_time\" content=\"2020-05-05T20:04:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-05T20:05:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"660\" \/>\n\t<meta property=\"og:image:height\" content=\"330\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"amandag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"amandag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/\"},\"author\":{\"name\":\"amandag\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/#\\\/schema\\\/person\\\/1555922b4428f6980412c8e12d16b5b4\"},\"headline\":\"Benefits to Buying Pre-Construction\",\"datePublished\":\"2020-05-05T20:04:00+00:00\",\"dateModified\":\"2020-05-05T20:05:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/\"},\"wordCount\":708,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.condonow.com\\\/assignments\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2020\\\/04\\\/who-is-the-assignee.jpg\",\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/\",\"url\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/\",\"name\":\"Benefits to Buying Pre-Construction - Assignments\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blog.condonow.com\\\/assignments\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2020\\\/04\\\/who-is-the-assignee.jpg\",\"datePublished\":\"2020-05-05T20:04:00+00:00\",\"dateModified\":\"2020-05-05T20:05:29+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/#\\\/schema\\\/person\\\/1555922b4428f6980412c8e12d16b5b4\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#primaryimage\",\"url\":\"https:\\\/\\\/blog.condonow.com\\\/assignments\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2020\\\/04\\\/who-is-the-assignee.jpg\",\"contentUrl\":\"https:\\\/\\\/blog.condonow.com\\\/assignments\\\/wp-content\\\/uploads\\\/sites\\\/3\\\/2020\\\/04\\\/who-is-the-assignee.jpg\",\"width\":660,\"height\":330},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/benefits-to-buying-pre-construction\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Benefits to Buying Pre-Construction\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/#website\",\"url\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/\",\"name\":\"Assignments\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/#\\\/schema\\\/person\\\/1555922b4428f6980412c8e12d16b5b4\",\"name\":\"amandag\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g\",\"caption\":\"amandag\"},\"url\":\"https:\\\/\\\/condonow.com\\\/Assignments\\\/author\\\/amandag\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Benefits to Buying Pre-Construction - Assignments","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/","og_locale":"en_US","og_type":"article","og_title":"Benefits to Buying Pre-Construction - Assignments","og_description":"Key benefits in\u00a0buying\u00a0a\u00a0pre-construction\u00a0assignment\u00a0unit\u00a0just\u00a0before closing include:\u00a0comparing prices among other\u00a0pre-construction units closing in the near future and\u00a0other\u00a0resale units,\u00a0negotiating the purchase price,\u00a0not having to wait\u00a04 years or more for new pre-construction,\u00a0and\u00a0buying a new, never-lived-in home […]","og_url":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/","og_site_name":"Assignments","article_published_time":"2020-05-05T20:04:00+00:00","article_modified_time":"2020-05-05T20:05:29+00:00","og_image":[{"width":660,"height":330,"url":"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg","type":"image\/jpeg"}],"author":"amandag","twitter_card":"summary_large_image","twitter_misc":{"Written by":"amandag","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#article","isPartOf":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/"},"author":{"name":"amandag","@id":"https:\/\/condonow.com\/Assignments\/#\/schema\/person\/1555922b4428f6980412c8e12d16b5b4"},"headline":"Benefits to Buying Pre-Construction","datePublished":"2020-05-05T20:04:00+00:00","dateModified":"2020-05-05T20:05:29+00:00","mainEntityOfPage":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/"},"wordCount":708,"commentCount":0,"image":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg","inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/","url":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/","name":"Benefits to Buying Pre-Construction - Assignments","isPartOf":{"@id":"https:\/\/condonow.com\/Assignments\/#website"},"primaryImageOfPage":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#primaryimage"},"image":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#primaryimage"},"thumbnailUrl":"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg","datePublished":"2020-05-05T20:04:00+00:00","dateModified":"2020-05-05T20:05:29+00:00","author":{"@id":"https:\/\/condonow.com\/Assignments\/#\/schema\/person\/1555922b4428f6980412c8e12d16b5b4"},"breadcrumb":{"@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/"]}]},{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#primaryimage","url":"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg","contentUrl":"https:\/\/blog.condonow.com\/assignments\/wp-content\/uploads\/sites\/3\/2020\/04\/who-is-the-assignee.jpg","width":660,"height":330},{"@type":"BreadcrumbList","@id":"https:\/\/condonow.com\/Assignments\/benefits-to-buying-pre-construction\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/condonow.com\/Assignments\/"},{"@type":"ListItem","position":2,"name":"Benefits to Buying Pre-Construction"}]},{"@type":"WebSite","@id":"https:\/\/condonow.com\/Assignments\/#website","url":"https:\/\/condonow.com\/Assignments\/","name":"Assignments","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/condonow.com\/Assignments\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":"Person","@id":"https:\/\/condonow.com\/Assignments\/#\/schema\/person\/1555922b4428f6980412c8e12d16b5b4","name":"amandag","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/secure.gravatar.com\/avatar\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/391077919a3407e3ddf9ae1bba92604a9385acb38c389dcf10f3474286d0b24f?s=96&d=mm&r=g","caption":"amandag"},"url":"https:\/\/condonow.com\/Assignments\/author\/amandag\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/posts\/2254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/comments?post=2254"}],"version-history":[{"count":0,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/posts\/2254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/media\/2160"}],"wp:attachment":[{"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/media?parent=2254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/categories?post=2254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.condonow.com\/Assignments\/wp-json\/wp\/v2\/tags?post=2254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}