Saturday, November 15, 2008

Property Buybacks Potentially Risky

Developers promise property buybacks
The National United Arab Emirates
Some developers caught in a stagnant market have been attempting to lure customers with promises they will buy back property at a higher price a few months after a sale, guaranteeing the deal with postdated cheques.
While that may seem an attractive offer, industry insiders warn the practice is potentially highly risky for all involved. ...

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