Vancouver Real Estate Buyers LOST $1,000,000

What could backing out of a real estate transaction cost you? Well, with the new buyer’s right of rescission, cases such as the one covered in today’s video will hopefully be a thing of the past, however it will not absolve you as a seller from potentially having to sue for the cooling off period fee should the buyer be unable or unwilling to close.

In this video, Surrey Real Estate Specialist, Steve Karrasch of Macdonald Realty discusses a recent article about how one BC couple elected not to complete on the purchase of their real estate transaction and how that cost them close to $1,000,000.

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