Im wanting to buy a condo in a area thats under develepment its price is 235,000 $ and its assigment of contact is 68, 000 $ .Can someone explain to me who realy would benifit from this ?
2006-12-26 16:07:16 · 1 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Somebody already has a contract on the condo. The scenario is one of these two:
1 - Their contract is for $235k, but you can have the condo for $303k. The original (investor) buyer makes $68k for being there early.
----- or -----
2 - Their contract is for $167k, but you can have the condo for $235k. The original investor makes $68k for being there early.
You sign the contract, and buy the condo from the company building them, but you pay the investor $68k for "assigning" the contract to you.
2006-12-26 16:49:47 · answer #1 · answered by teran_realtor 7 · 0⤊ 0⤋