Plain explanations of what trips people up in the assignment market.
A power of attorney is not a transfer of ownership. It ends if the seller dies, they can revoke it, and the unit stays in their name with the developer. The difference from a formal assignment is the difference between owning a unit and owning a piece of paper.
Coming soonMost contracts calculate the cancellation deduction on the full unit price, not on what you paid. The number comes out far worse than most people expect, and the balance is usually returned in instalments over years.
Coming soonOver-price is an amount added above the contract price and paid by the buyer. The surprise is that the struggling seller usually receives none of it: it goes to the intermediary. That is why we work without it.
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