Assignment sales are becoming more common in today’s market — and for good reason. With rising prices and limited inventory, buyers are looking for creative ways to secure property. An assignment deal allows you to purchase the rights to a condo or home from the original buyer, before the property is completed.

For investors and end-users, this can mean big benefits. Many assignment properties are sold at prices lower than current market value, especially if the original buyer purchased years earlier. These units often come in high-demand developments that are now sold out, giving you access others no longer have.

But there are some things you need to know before getting into an assignment deal. You’ll need to work with a realtor who understands the process, ensure the builder allows assignments, and have the deal reviewed by a lawyer. Closing timelines can also vary depending on construction status.

If done right, assignment deals offer excellent ROI and are one of the best ways to enter top-tier projects without waiting for the next public launch.