Do I need a realtor for condo assignment?

I wrote this to help answer common questions about assignments.

+1 on getting an agent but more importantly a lawyer who knows what they're doing. Assignments are not straightforward.

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No you dont need a realtor, you do need a lawyer though. I do think getting a realtor is recommended unless its a friends and family transaction.

You will make more money if you sell after closing if this is at all possible, the pool of buyers for assignments is much smaller.

oasis100 wrote: ↑ you need a realtor that can find you a buyer.

Don't most realtors just post assignments on the various FB assignment groups? I see even the big condo agents all just post there with deals either selling or buying

As assignment can't be listed on MLS generally, what additional resources does an agent have to find buyer for assignment?

I'm not saying not to use or don't need agent necessarily but really interested in what other things an agent looking for buyer for an assignment is able to provide beyond their potential clients who maybe interested in buying but that's conflict of interest I would think?

oasis100 wrote: ↑ some agents have large networks. could be their own Instagram page. could be within their own brokerage. those fb groups don't allow non realtors. so what options does op have? use kijiji. good luck with that

the FB groups allow non realtors..or are there secret ones? i see realtors post on the FB groups (which i'm part of) and agents posting deals, other agents asking for info etc..
eg Toronto Condo Assignments, Toronto Real Estate Assignment Sales Network, Assignments FOR SALE etc... some are private groups that you just request and they'll add you, others are public.

i'm not saying a realtor is not important, i think it's more important in assignments as it's not really an actual purchase and sale of a property, but was more interested in what additional tools they have and it seems not really beyond usual network and posting on FB groups.

Before when you didn't need a lawyer, a realtor was needed as they can handle the transfer of assignment. Now you need a solicitor to do it. They also do it this way so you have to declare income allegedly. Back in the day, you can do everything with a realtor and it doesn't touch your name so no declaration.

Now Realtors socialize and some only do assignments. There's still a good amount of ppl willing to take over assignments as potentially it can be cheaper and may be a desirable unit or development.