The Ramautor Team

Once a purchase agreement is firm and the cooling-off period has expired, you are legally committed to the contract. However, you can still sell the property before final closing through an assignment sale.

An assignment sale is when the original buyer transfers their legal contract to a third party. This allows a new buyer to take your place and finish the transaction with the developer or seller. While this is a legal and common strategy, most contracts require the developer's permission and include specific assignment fees.

Have you ever considered buying or selling through an assignment contract? Let us know below.

You never miss a payment. Your student loans, car payments, and credit cards are paid right on time every month. So why is your credit score stuck, and why won't lenders approve you for a mortgage? 📉

Because payments alone aren't enough.

If your credit cards are maxed out, your "credit utilization" is too high. To a lender, carrying maxed-out balances signals financial stress, which destroys your borrowing power. The golden rule for a bulletproof credit profile? Keep your limits healthy, keep balances low, and pay them off in full every single month.

💳 Did you know that keeping a balance hurts your score? Save this reel so you don't forget the golden rule before you apply for your next loan!