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Old 10-27-2015, 11:43 AM
 
13 posts, read 22,949 times
Reputation: 10

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Hello all,

I always get good advice here so I am back. We are in the process of building a new home, but the builder is taking so much time in getting the construction started that we are worried we will not close on time. In this situation I wanted to see if we have any options to protect ourselves or is there a reason to hire a lawyer?

We are 6 months into the process and we have not started construction yet. All the delays have been mostly due to their architectural team. I am anxious as I don't know when i will get to move into my home anymore. We were supposed to have the house done by January, but now I'm guessing its not going to be till June or later even. Do we just wait for them to finish when they finish or do i have options?

I have a lease and every month that they delay past January will cost me 2100 dollars on rent

thanks,
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Old 10-27-2015, 12:30 PM
 
53 posts, read 67,360 times
Reputation: 40
Check with your realtor or have a real estate attorney take a look at your lease. I'm very skeptic about buying new construction during a boom as time line and construction quality is bound to be compromised due to demand and supply of skilled labor and building materials. Even building inspectors are exhausted. I was looking at some investment properties and prices are really high, if market went down with a downturn then newer areas will see a ton of foreclosure activity.
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Old 10-27-2015, 12:42 PM
 
3,820 posts, read 8,748,805 times
Reputation: 5558
Isn't this the build you had issues where the city kicked it back for being over the build line?
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Old 10-27-2015, 12:52 PM
 
4,231 posts, read 3,558,959 times
Reputation: 2207
Builders are not confident these days.

No wonder they are delaying.

Future is grim now.
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Old 10-27-2015, 01:17 PM
 
277 posts, read 678,677 times
Reputation: 109
Did you put any money down? Based on the horror stories your previously posted, I would take the loss and walk away. God only knows what other issues you may have down the road.
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Old 10-27-2015, 01:43 PM
 
13 posts, read 22,949 times
Reputation: 10
Quote:
Originally Posted by MurphyPl1 View Post
Isn't this the build you had issues where the city kicked it back for being over the build line?
Yes, the survey inspection kicked back the building permit saying the house was sitting outside the build line which delayed us also.
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Old 10-27-2015, 01:44 PM
 
13 posts, read 22,949 times
Reputation: 10
We've paid a lot of money and turning back is no option i still want my home built, but just want to see what my options are if any, in the situation that they delay way too much
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Old 10-27-2015, 02:04 PM
 
Location: Dallas area, Texas
2,353 posts, read 3,863,612 times
Reputation: 4173
Quote:
Originally Posted by kuds1 View Post
We've paid a lot of money and turning back is no option i still want my home built, but just want to see what my options are if any, in the situation that they delay way too much
Read your contract or have an attorney read your contract and advise you.
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Old 10-27-2015, 02:25 PM
 
Location: Austin
7,244 posts, read 21,814,092 times
Reputation: 10015
Most traditional builders have a 2 year build time in their contract. Read your contract and see what it says.
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Old 10-27-2015, 02:44 PM
 
Location: DFW
40,951 posts, read 49,198,692 times
Reputation: 55008
I recall you are building with Grand Homes.

You are at their mercy. Good luck.
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