Posted Jan 7, 2014, 5:04 PM
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Registered User
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Join Date: May 2007
Location: East OV!
Posts: 21,693
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That area of Surrey is getting a heck of a lot of bad press lately. Paying ~$466/sf seems a bit steep to me. I agree with Alex on RE being a pretty bad investment today.
Since you can effectively walk away prior to completion, I can understand why your agent isn't getting his share. He also wouldn't get a share if 2016 comes and the bank decides not to finance you. The whole thing would fall through. The problem is that 2 years is a long time, and anything is possible between now and then.
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