Basics on buying Assignment?
I'm coming across Assignment ads, that say, bought house for $1.2m, asking $1.1m or builder now asking $1.5m, selling for $1.4m.
So I got curious and emailed a seller, asking what exactly they are looking for. They replied with "make me an offer".
I'm confused. How does buying assignment work? Don't I just pay the seller the builder deposit and whatever the legal/processing fee is to transfer the contract? Plus whatever seller wants in profit.... but what happens when the seller say they are discounting?
So I got curious and emailed a seller, asking what exactly they are looking for. They replied with "make me an offer".
I'm confused. How does buying assignment work? Don't I just pay the seller the builder deposit and whatever the legal/processing fee is to transfer the contract? Plus whatever seller wants in profit.... but what happens when the seller say they are discounting?