zaindo
New Member
I got into a purchase and sale agreement and am looking to sell my condo (not yet registered) on assignment. I have quite limited understanding of how this works, but assuming that i could sell this pre construction on assignment, would i continue to be first time home buyer (if i do choose to buy another home later down the road).
I am guessing the reason doesnt matter but i am not a reseller, I am getting rid of the condo as its smaller now since i have family coming over. I am planning to use HBP when time comes for the big purchase - however if i cease to be a first time home buyer because of having to sign up for this pre construction condo and make the first few down payments, I am pretty much out of luck.
Keen to know what experienced people here have to say. Cheers.
I am guessing the reason doesnt matter but i am not a reseller, I am getting rid of the condo as its smaller now since i have family coming over. I am planning to use HBP when time comes for the big purchase - however if i cease to be a first time home buyer because of having to sign up for this pre construction condo and make the first few down payments, I am pretty much out of luck.
Keen to know what experienced people here have to say. Cheers.