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Vancouver Real Estate Buyers Safety: Hold Backs in the Contract of Purchase and Sale

Hold Backs in Vancouver Real Estate Far too often Sellers in Vancouver agree to do things that they don’t end up doing. In a Vancouver Real Estate transaction this could result in a Buyer being responsible for thousands of dollars in repairs or future payments if a Seller does not do what they agree to do. A Hold Back is a very good way to ensure that what a Seller agrees to in an Accepted Offer actually gets done. What is a Hold Back? A holdback is when the Buyers Lawyer keeps some (or "holds back") of the money the…

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