Any strategies to negotiate contract price with a builder after the contract is signe

[Samit Thakkar]

   Hello
My wife and I did a contract last year with Toll Brothers in Austin and with market going down and rates doubling it turns out we overpaid by 20-30%. While I realize the market is dynamic and take responsibility, does anyone have any strategies or experience negotiation with a new home builder?
Appreciate any pointers.

[Lydia R.]

You have all the leverage right now. If you terminate they will have to sell at a lower price. Use this leverage to renegotiate a price that works for you. I imagine your bank wont want to lend more than the property is worth in the current rate environment so you can use that to your benefit as well.