Blog by Sam Wyatt

#210 122 E 3rd Avenue, North Vancouver, BC

May 4th, 2007

I just finished uploading this Apartment for sale, #210 122 E 3rd Avenue, North Vancouver, BC

Tired of living in a box stuffed into a building full of other lemmings? Welcome to civilized condo life! This suite is an amazing anomaly; its 2 bed, 2 bath plan includes an over 400sq.ft. fully fenced and completely private patio that is outfitted with a $12,000, 2 pump, 60 jet hydrotherapy spa wit ...

How Assignments' of Contracts Work

May 3rd, 2007

Here's a little primer on Assignments:

Assignments involve a few basic figures:

New Price (Assignee's Total Purchase Price)
Assignment Amount (Difference between Original contract price and New Price)
Deposit Held by Developer
Original contract price
Assignment deposit: typically 5% of the New Price

NB: Original Contract Price + Assignment Price = New Price OR
New Price - Assignment Price = ...