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Updated about 6 years ago on . Most recent reply presented by

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Daniel Dos Anjos
  • Member since Jun 14, 2019
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Daniel Dos Anjos
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Tax, SDIRAs & Cost Segregation

Seller/Builder Delaying Construction on Purpose

Daniel Dos Anjos
Posted

Hi,

I signed a Real Estate Purchase Agreement for a property that currently under construction. The seller/builder delayed the construction for 8 months and now he wants to raise prices claiming that homes have appreciated. I feel like he has delayed the construction just to make it passed the agreed closing date so he can make the agreement invalid and set a higher price. Is this legal? What can I do regarding this matter?

Thank you

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