For assignment: $5k down and take over payments in Sherwood Park

Sherilynn

Senior Forum Member
REIN Member
Oct 22, 2007
2,745
615
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Edmonton
www.qdhomequest.com
#1
I have a 1485 sf house built in 1978 under AFS contract in Sherwood Park, and I'm debating whether to assign it.

$5k down (plus assignment fee) and taking over payments on a 4 year term. Would cashflow as an RTO, but tricky as a rental. Closing July 7th. Can begin marketing and showing now.

Needs a few things done: laminate in living, dining, and hall; 3 windows should be replaced, HWT, 3 closet doors, 3 bedroom doors, 2 vanities, and the basement bathroom shower is leaking so the shower and wall need attention. Big, ground level deck is starting to rot and should be ripped up and grading improved (but no need to reinstall deck). My contractor has the details and can draft a quote.

I have professional inspection and am awaiting appraisal results. I'd be happy to share both with any interested party.

Sherilynn@QDHomeQuest.com
 
Likes: 2 people

Caleb West

Multi Family Commercial|Collaborative Office|
REIN Member
Feb 7, 2017
102
41
28
#2
Did you get this one all figured out or did you end up holding onto it?