An amount of money withheld by the lender during construction of a house to ensure that construction is satisfactory at every stage. A standard holdback is 10% of the total cost of the building project.
“We arranged for John to work with a family member to find a condo in the Huntsville area. John was very professional, and courteous and highly competent. As a native of Muskoka, his knowledge of the area and the various real estate property types and price points is unparalleled. I would work with John again without hesitation - highly recommended.”
- Rob H.
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