Posts Tagged ‘homebuilder purchase contract’
Amendments to Contract Require Consideration
Question: Under our January 15 contract with our homebuilder for construction of a new home in Buckeye, we had a closing date of October 15. A month later the homebuilder’s sales agent emailed us that the home should be completed by September 1. In reliance on her email, we “locked in” an interest rate for…
Read MoreBuilders Of New Homes Require Mediation And Arbitration Of Disputes With Home Buyer
Question: We signed the builder’s purchase contract to buy a new home in San Tan Valley. The builder’s sales agent made numerous false statements, especially in regard to the upgrades that were available in the home. The “bottom line” is that we canceled the purchase contract and demanded our $20,000 earnest money back. The builder…
Read MoreCorporate Office Often Must OK New Home Deal
Corporate Officer Signature and New Home Deals Question: A new subdivision is being developed near our Gilbert home. Last Saturday we went and looked at several of the model homes in the subdivision. One of the model homes we loved, and we spent all day negotiating price, upgrades, and other contract terms. At the…
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