Pre-Con 101
Common Terminology
The process of purchasing a home and selling it prior to closing is referred to as an ‘assignment sale’.
The first date the purchaser is allowed to move into or occupy the property.
The process of purchasing a home and selling it prior to closing is referred to as an ‘assignment sale’.
A pre-approval is a preliminary evaluation of a potential borrower by a lender to determine how much of a mortgage they would be able to afford.
Depending on the project, you will be asked to put down a deposit anywhere from 5-15%
Top agents and brokerages often offer VIP incentives if you purchase a project through them. Incentives can include free assignment, exclusive pricing, capped development charges, free appliances, etc.
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