Quote:
Originally Posted by GP_Matt
30 days doesn't provide much of a contingency. It is also a huge hedge for buyers against a down market. If the market drops and the project is delayed you can renegotiate the price yet a hot market doesn't let the builder renegotiate.
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30 days might not seem like very much. I'm curious to see how accurate timelines generally are for condo developments. What sort of contingency would be reasonable? 30 days, 60 days, 90 days?
I think that new regulations or guidelines should be in place for when developers can begin the sales process. Only allow sales to begin 6 months before completion or something.