We continue to learn of problems experienced by the purchasers of new homes during the construction, walk-through, and closing phases. Writing the contract with the builder’s sales representative never seems to be a problem with consumers. When buying new homes from builders these problems usually occur after contract agreement including financing options, and post-closing repair agreements. This article will also address the demands of the builder to move the closing date to an earlier date than listed in the written agreement.
Why closing date changes occur usually depends on the builder you sign a contract with to deliver a new home. While representing new home purchasers in the past, we have dealt with the sales managers of nationally recognized builders informing us of changing closing dates because the home was ready for delivery earlier than expected, and the sale would help meet corporate sales projections.
View this practice as an… Continue reading