Should builders honor quotes when prices increase before contracts are signed?


by David Fletcher

This is one of those types of scenarios that gets around the real estate broker circuit that makes the builder look bad, unless the full story is told. Usually,  the story fails to mention that the quote was made 60 days ago, and was good for 30 days, or had a clause in the quote that encouraged the buyer to purchase within a few days or weeks to hold the price. Builders don't tend to violate contracts, but resale owners can be even worse, especially in price-rising markets. So make sure what you are claiming to be the truth, is in fact the whole truth.


David Fletcher
David Fletcher

Author

New Home Co-broker Academy Llc Founder David Fletcher writes all-in, left-it-all-on-the field online real estate courses for general real estate agents who hear the new homes sales door knocking but hesitate to open it, due to their own fears, and therefore are leaving thousands of commission dollars off the table. As of January 2018, more than 2500 Realtors have earned the New Home C-Broker (NHCB) designation, completing a three-hour course, How To Build A New Homes Niche. His courses are based on his $3 billion new homes sales record as a listing agent for more than 70 condominium and single family subdivisions.



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