I hear that developers are not allowing pre-sale buyers to assign their contracts, is that fair to the buyers?
I hear that developers are not allowing pre-sale buyers to assign their contracts, is that fair to the buyers?
It depends. Often, the reasons are fairly obvious. If a building gets close to completion – often the buyer feels the value may be going down or he bought too many (to flip) or he can’t close … and then assigns it to a new buyer at a lower price, or just to get out of his obligation. That might disturb the whole building.
