In this episode, Adrian Trott and Ariel Kormendy dive deep into the world of assignment sales, focusing on what buyers need to know in today’s market. From understanding assignment sales to key insights on negotiation, legalities, and financial considerations, we cover it all. Whether you’re thinking about buying an assignment or simply curious about the topic, this episode will help you make an informed decision.
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0:19 – Intro
02:39 – Article Discussion: Interview with Minto CEO
03:58 – Why There’s No Condo Market Crash
08:20 – What is an Assignment Sale? Definition and Explanation
09:01 – Benefits of Buying an Assignment Sale
10:00 – Negotiation Insights: Dealing with Desperate Sellers
11:09 – Understanding Legal and Financial Implications of Assignment Sales
12:55 – Hidden Costs in Assignment Sales
15:51 – The Importance of Reading the Contract
17:03 – Real-Life Example: Assignment Sale Complications
18:08 – How to Protect Yourself: Legal Caps and Lawyer Reviews
19:00 – Mortgage Challenges When Buying an Assignment
20:41 – Quick Closing with New Construction Assignments
21:27 – Is Buying an Assignment Sale Worth It?
31:30 – Outro/recap
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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.
Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.
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