Builders cancel contracts

Builders cancel contracts

[sharonlee]

Builders love to cover their selves! Make sure you have your own attorney before you sign a contract with home builders. And remember your real estate agent is not an attorney doesn't always have your best interests at heart.

[Floratic]

I saw a couple of houses being offered by builders on realtor. I was actually considering buying one until I started seeing stories like this. Especially with the family in Texas where the builder canceled the contract 6 days before closing just so they could sell the house for 300k more. Not to mention they had the family sell their previous home before they laid down the foundation for the new home.

[jayjackson]

People never learn, the system is designed to screw you over it's never in your favor.

[eveskey]

Omg what she said about the contract. The contract had clauses and said the builder can do this. People really really need to read over contracts and know exactly what they are signing.

[tinawalker]

I came to the comments to see if the masses understood and you guys do. As a builder of spec homes I do not take contracts before my houses are 90% completed for this reason. The costs of materials and labor are going up every single week. Buyers would love it for builders to take the loss but that’s not fair either.

[d.c.]

Maybe builders shouldn't be allowed to sell a new house until its completed! Then the builder can price accordingly. Then no excuses with contract terminations, price escalation, supply issues, and permit delays....Any NEWLY built home buyer in a hot market will have to gamble with any of these possible issues otherwise...

[kurtbottcher]

This is what happens when your federal government gets high jacked and we the people do nothing about

[cattigereyes]

So very American! Thank your senators and congress! Incompetence in office!

[tampadashcam]

"Read the fine print" It's not impossible to build your own home. You save a lot on labor, and often times you will build it better than the guys throwing them together daily. Because it's yours.

[nohopeequalsnofear]

When the market crashes, go back and buy that exact house in foreclosure....sweet justice

[PrettyNchildfree]

Santino is so adorable God bless him and his parents

[fauxque]

Never sign a builder's contract. Opt for a state approved contract. If it has to be a home builders contract get a lawyer to go over it. It's only a few hundred bucks but could save you a fortune

[davidvincent]

Doing business with Adams home is the biggest mistake anyone can do. Not only do they pull this kind of crap when the house is finished THEY DO NOT STAND BEHIND THE FINISHED PRODUCT OR THEIR WARRANTY EVER!!! My daughter had a house (can't call it a home because of ADAMS it never made it to a home) Michelle had her home built in Biloxi Mississippi . Her first new custom built home. IN WRITING in the contract it was clearly stated that the house would stand up to a category 5 hurricane. Well they had one ( I don't remember which one since I have been through so many in the last 24 years. Bottom line they came to our house in Kissimmee for protection before it hit. When they returned they found almost 25% of the roof missing and where the roof side vents were water had come in and not only destroyed their furniture but also water in the walls through the vents (it must be noted that these were fully in closed eves. ADAMS response was to bad but we never have had A category 5 so that is why we warranted for that guess we were wrong. not only did the mot cover any of it they just refused to make any kind of repairs using a clause of "act of god " clause. We never could figure out why they gave coverage up to a category 5 and when a cat 5 hit they walked. One thing I have not mentioned was the house was just 6 weeks new

[chadrowland]

The minute that the contractor, builder, or whoever even sneezes, get an attorney. I guarantee you, he will never screw you over like this ever again.

[deltaXna]

40 thousand is actually right on par for price increases for new construction. I just finished a home last year and there was a 42k increase. I said ok. My house is still worth a lot more even after

[lothean]

People made fun of me because I lived in the hood. I laugh at them now because they are renting apartments because they can't find the ideal home or afford it, all because of their stereotype of the hood.

[EPTXMAN]

Real Estate agents are generally NOT attorneys and are prohibited by their state real estate commissions to offer legal advice or representation.

[shidoin]

GREED! Is driving up the prices of everything. Not shortages

[Ali-ufdu]

Big real estate crash is on around the corner

[amyc]

Mismanagement of the economy for political reasons has resulted in this crisis. Supply chains are log-jammed and building material inflation is making tough for builders as we as homeowners. 4x8 OSB sheets used to cost $10-12 a couple of years ago, they are now $30-35