Thursday, January 8, 2009

When Real Estate Gets Creative…

I just heard about an owner that has a newly completed 5,000 sq ft luxury home that he wants to share ownership of…And he’s offering a buyout in 5 yrs at a preferred return. He put in over 14 million but he’s willing to value it at less, given the current market. Interesting outcome of today’s market…

- Dale Potvin, Associate Broker

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