Log in

View Full Version : Builder lowered price significantly days after we signed the contract


Kouch
Oct 13, 2012, 05:50 PM
Hi
Builder lowered price days after we signed the contract.it is now $50,000 less than what we signed. We didn't go through an agent. Before we go and talk to the builder, I wanted to see what our options are?
Any advise!
Thanks!

joypulv
Oct 13, 2012, 06:07 PM
What does this mean? Lowered the price of what? The same style house in the same development? Surely your contract has a clause or two for getting out, usually based on getting a mortgage and so on... so don't met the terms, let it expire, and buy again in January. Prices tend to drop a lot in the winter.

AK lawyer
Oct 14, 2012, 05:47 AM
This does not make sense. The builder of the house contracted to sell it to you at a set price and now proposes to charge you $50 k less? That's great as far as you are concerned, but I can't believe that's what you mean. Please explain.