With the economy plunging, more buyers are attempting to renegotiate prices at the 11th hour and more developers are starting to offer so-called “price protection,” in which they agree to refund the buyer the difference if other units in their building sell for less. This week, The Real Deal reporter Jen Benepe talks to real estate attorney Lisa Breier Urban and Prudential Douglas Elliman broker Christine Blackburn about the challenges and benefits of the new pricing landscape.
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