Quote:
Originally Posted by KCfromNC
It seems the builder is following the letter of the contract rather than the spirit behind the price guarantee. Why shouldn't the buyer behave the same way?
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To some extent you may be right.
However, Vicki made a good point.
We are only getting part of the story, and only from the Buyer's side.
But... Is the price reduction on new construction out of the ground with reduced features and fewer amenities? How would the OP have a right to the reduced price in that circumstance?
We just do not know, and certainly do not know enough to recommend that the OP endeavor to pervert the integrity of the contract.
Of course, if the Buyer signed a builder's contract without a financing and appraisal contingency, the escape due to financing "issues" may be complicated.
The OP asked a valid question, with very little coherent supporting information:
"what are my option, should the builder by law was bound to disclose that price protection was being removed "
It is a legal question, and should be asked of a real estate attorney, not on an anonymous message forum where spurious advice from folks with no stake in the outcome is readily available without disclaimer as to the harm that may be incurred by attempting to follow bad advice.
Of course, the OP should have legal and/or agency resources available, but appears not to have covered either of those bases.
The OP should now seek legal advice if he cannot get response or get comfortable with the proceedings.
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