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Old 03-03-2008, 06:51 PM
 
55 posts, read 161,050 times
Reputation: 51

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I need some advice .

I located a house on Realtor.com. The price seemed right for us. I called the realtor who turned out to be a one of the large developers in Union county. When I inquired about the price the developer stated that the list price did not include the lot premium or the options.

Is that legal? I thought the listing price was the price.
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Old 03-03-2008, 06:52 PM
 
101 posts, read 262,865 times
Reputation: 36
I would hold them to it. In that case, the price you see should be the price you pay. False advertising is a no-no. It's the old bait and switch trick...
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Old 03-03-2008, 06:54 PM
 
55 posts, read 161,050 times
Reputation: 51
Default Legally Binding?

Do i have any legal right to hold them to it?

I would think that there are some MLS stipulations on listing price
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Old 03-03-2008, 06:56 PM
 
101 posts, read 262,865 times
Reputation: 36
Now, that I don't know. A realtor on here could better address that.
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Old 03-04-2008, 05:58 AM
 
Location: Huntersville
1,521 posts, read 4,486,071 times
Reputation: 298
Prices are subject to change either up or down......
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Old 03-04-2008, 06:00 AM
 
Location: Wouldn't you like to know?
9,114 posts, read 15,687,630 times
Reputation: 3695
Tell the builder that you won't pay him his "100% profit" on his "lot premium".
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Old 03-04-2008, 07:08 AM
 
Location: Charlotte, NC
195 posts, read 483,053 times
Reputation: 56
Get a buyers agent that will work for you for free. Let them deal with the developer and figure out what is included.
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Old 03-04-2008, 07:16 AM
 
Location: State of Being
35,885 posts, read 67,235,178 times
Reputation: 22386
Quote:
Originally Posted by Kari Strong View Post
Get a buyers agent that will work for you for free. Let them deal with the developer and figure out what is included.
Yeah, I gotta say . . . I am good at negotiating on my own . . . and have many years of experience dealing w/ contracts, so I tend to feel pretty good about dealing with things myself. However, if this builder is already being this wishy washy, I have to agree w/ Kari . . . sounds like you need some back up on this one.

That is, assuming you even want to move forward w/ someone who is being this indefinite up front.
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Old 03-04-2008, 10:24 AM
 
245 posts, read 813,442 times
Reputation: 77
I've just signed some MLS forms and in MI...the price is the price in some aspects...you can negotiate up or down based on the appraised value

I never understood why new home builders could list on the MLS for projects that are not complete...seems funny style to me
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Old 03-04-2008, 10:26 AM
 
Location: Huntersville
1,852 posts, read 4,677,900 times
Reputation: 525
Depends on where they posted it. They could say that is the model and you could do upgrades, lots, etc. Also doesn't mean you have to pay it. I recommend getting an agent and seeing what you could hammer out.
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