So i buy a house for $3m and pay a 10% deposit 'exchange' and agree under contract to pay the balance and settle on a 6 month contract. The price of the house increases to $4m as the the housing market takes off and more buyers enter the market. I should, go back to the vendor and have to renegotiate the price because it has risen?????? Sure thing
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Risk versus Reward, page-27
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