What does an Assignment Costs you?

Here is an example of a 1 bedroom:

Original Purchase Price: $160,000
Assignment Price: $260,000

Desposit (25% of Original Purchase Price) = $160,000 * 25% = $40,000
Profit = $260,000 - $160,000 = $100,000

Step 1: Upon Acceptance of the Assignment Contract, within 3 business days, assignee submits $40,000 to Listing Brokerage In-Trust.

Step 2: When Assignment Closing, assignee submits profit of $100,000 to Listing Brokerage In-Trust

Step 3: Interim closing with builder, including pre-delivery inspection (PDI), start paying monthly occupancy fee. What is occupancy fee? Occupancy fee consists of property tax, maintenance fee and interest of 75% of original price

Step 4: Final Closing with Builder. Closing cost of ~$4,000