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Author Topic: Agree, what's good with a contractual agreement if it doesn't stick  (Read 679 times)

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Offline theking

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If I was looking for a home, I wouldn't buy it from these guys due to this:

Prepare to pay more or cancel contract, Dallas-Fort Worth home builder tells customers

Prepare to pay more or cancel contract, Dallas-Fort Worth home builder tells customers. A Dallas-Fort Worth home builder has warned 164 buyers that the cost of their homes likely will increase beyond the original agreed-upon price in their contracts, and that construction could be delayed up to a year.

The letter from Altura Homes, building $ 200,000- $ 500,000 single-family homes in nearly a dozen construction projects in North Texas, is the latest example of home builders struggling to adapt to a market where house prices have historically increased by more soared than 10% year, and with a further increase of at least 10% likely in the coming year.

The June 8 letter cited the rising cost of building materials in order to possibly force the builder to raise prices. The letter also blames an interruption in material supplies and a labor shortage for delays in the construction schedule of up to 12 months.

The seller's market gives home builders a chance to take advantage of buyers who have few other options to find homes in such a tight market, Villupulam said. "Builders are responsible for taking time and costs (materials, labor, etc.) into account when pricing a new home when drawing up contracts," Villupulam said in an email. "Here, too, a building owner should foresee all risks and bake them all into the price of a new home, not the homebuyer!"
"If everything can change, why do we need a contract at all?"

A copy of a letter from Altura Homes offering to terminate the home purchase agreements of 164 potential buyers, stating that the price of the homes would likely rise due to higher building material prices and that construction would likely be delayed due to a labor shortage.
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Offline theking

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Re: Agree, what's good with a contractual agreement if it doesn't stick
« Reply #1 on: July 09, 2021, 04:34:38 PM »
This Texas family overcame the hardships to buy a new home, but builder tears up contract





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Offline theking

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Re: Agree, what's good with a contractual agreement if it doesn't stick
« Reply #2 on: July 14, 2021, 04:27:05 PM »
Guess enough complaints have gotten around so these guys decides to be different  ??? O0:

Dallas-Fort Worth home builder promises buyers it won't raise prices like others have. ... Her builder, Bloomfield Homes, which is based in Southlake and builds homes throughout the region, promised clients it would honor the prices in all of the company's signed contracts.






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Offline DuMa

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Re: Agree, what's good with a contractual agreement if it doesn't stick
« Reply #3 on: July 14, 2021, 07:13:55 PM »
Something about houses in texas.  Either they all kind of look the same or they are just brown like that.

For the likes of me, I forgot what new city it is in texas but a co worker is working on moving over there and said that every year texas  has 10 new cities popping up. 

Ive been looking myself but I'm not at the age of retirement yet.  If I was a loner or a sole wolf, I would easily moved over there and still be a loner.  I need to be close enough to my viet community just in case I need that viet food fixing and definitely my lovelies eye candy is a must. 



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