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contract reassignment for new built
I "was" a proud owner of a plot of a new-built luxury apartment in London but after Brexit I am having doubts and am considering moving abroad.
Anyway, leaving my personal decision aside, who knows how to go about selling the contract? I believe it's called "contract reassignment" but do I just contact real estate agents directly?
Anyone who can guide me on where to start, let me know
Thanks
Comments
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...who knows how to go about selling the contract? I believe it's called "contract reassignment" but do I just contact real estate agents directly?
Just go to a regular estate agent... as in these examples:... are delighted to offer to the market the assigned contract for this off plan luxury one bedroom apartment...
Link: http://www.rightmove.co.uk/property-for-sale/property-51267661.html- Assigned Contract Purchase
Link: http://www.rightmove.co.uk/property-for-sale/property-40440441.htmlThis property is an off-plan, assigned contract purchase.
Link: http://www.rightmove.co.uk/property-for-sale/property-33942126.html
Obviously, if an EA isn't familiar with assigned contracts, move on to another.
Most mortgage lenders won't lend on re-assigned contracts, so you might have to find a cash buyer.0 -
Perfect, excellent advice.
Thank you0 -
Hi All,
I "was" a proud owner of a plot of a new-built luxury apartment in London but after Brexit I am having doubts and am considering moving abroad.
Anyway, leaving my personal decision aside, who knows how to go about selling the contract? I believe it's called "contract reassignment" but do I just contact real estate agents directly?
Anyone who can guide me on where to start, let me know
Thanks
have you just reserved, or have you already exchanged?0 -
Exchanged as well0
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Should be worth more. I can see smaller plots on Rightmove being advertised for more.
I asked the developer and they forwarded me to JIL, the estate agents but no response from them yet.0
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