Two units popped up yesterday as new listings, but they had been sold. These unique condo units at the Ritz Tower Two are back on the market. They will be an assigned sale. What’s that? You might ask…Well, in condo talk that’s when the original contract went south, or fell through for whatever reason – cold feet, economy, financing and it goes on and on…and you will need to renegotiate the original contract, now that could be fun. That’s the one thing about condo sales- until the building is finished, sold and closed anything can happen. Good Market opportunities to take advantage of.
[…] I’ve noticed new listings on the MLS that are to be assigned. For example, I mentioned two last week for The Ritz. What is an assigned contract? This is one option if the original buyer wants to back out of the […]