Tag Archives: Condo

Common Pitfalls of Flipping New Condominium Home Agreement Assignments

realtor and sellers looking over a new home agreement assignments during a condo flip.

In my earlier blog, I discussed the importance of determining whether you need your builder’s consent to assign/flip your agreement of purchase and sale. Usually you do. Once you have resolved that issue, you will enter into an agreement of purchase and sale with your purchaser regarding the flip. In that flip agreement, your purchaser…

Consider This When Flipping Your New Condo in Toronto

cartoon of realtor flipping a condo in a pan.

When I am asked by a client if they can flip their new condominium/new home agreement of purchase and sale, I always respond that the first place to start is the agreement of purchase and sale itself. Unless the agreement of purchase and sale prohibits flips, then the purchaser is free to flip their agreement…