In this episode of The Real Estate Podcast, Adrian Trott and Ariel Kormendy dive into the complexities of selling an assignment contract. If you’ve bought a pre-construction property and are considering selling before closing, this episode is packed with essential insights. We cover everything from reviewing the contract, advertising restrictions, and assignment fees to navigating negotiations and understanding tax implications. Be sure to check out the first episode where we discussed assignment sales from the buyer’s perspective.
💬 Need help with your assignment sale? Contact Us
📌 Watch the first episode on assignment buying: youtu.be/bimZ2_H5oCk
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0:22 – Intro
3:44 – The importance of reviewing the contract before selling
4:01 – Using AI tools like ChatGPT to summarize legal documents
6:36 – Advertising restrictions in assignment sales
7:39 – MLS restrictions and how to navigate them
9:11 – Negotiation tactics in assignment sales
10:30 – Buyer beware: Not all assignments are good deals
11:47 – Talk to your accountant regarding tax liabilities
13:35 – Case study: Deciding whether to sell or rent
15:40 – The role of realtors and mortgage brokers in assignment sales
18:06 – 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.
