Novation in real estate is popping up all over the place these days. By now you are probably wondering; “what that heck is novation?!”. Novation in simple terms is a legal process of updating a contract or agreement. In real estate, novation is a useful strategy that is utilized for various purposes such as enhancing the sale price, marketing a property or deal, and updating ownership. However, its applications go beyond these and it’s worth exploring the lesser-known aspects of this technique.