Quote:
Originally Posted by shenane
Wow. That sounds like an awful business practice. They sell someone a house without even knowing if the city will let them build. I think if I were in a business I'd want to see if I could get permits before I start selling to people.
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Your conception is...
Well, wrong.
KHov builds subdivisions; the planning, guidelines and covenents have already been approved.
There are any number of possibilities for their fiddle-farting around. Someone may have dropped the ball. They could have been waiting on mortgage approval. They may have been negotiating a construction loan. Whatever entity that issues the permits may have dropped the ball.
And the list goes on and on.
b.911us-
I do know the dilemmia about contracts. Here in Atlanta, I used the contract that is from the local home builder's association, and used by most builders. But the big builders insist on using their own (they like to put the hammer down on a buyer). I had a buyer who's agent insisted on using a G.A.R. (Georgia Association of Realtors) contract- she didn't like the HBA contract. I immediately stated, "No". I then offered the buyer a copy of the contract so they could compare the two anyway they so choosed.
They came back two days later and signed. In their own words, they stated that the differences were so small that they couldn't see it becoming a potential problem.
Over the years the only sticking point that comes up time after time is- Binding Arbitration. My answer has allows been the same- it's standard practice today.