Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips


Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Topic Options
Rate This Topic
#35274 - 08/02/05 10:17 AM Builder changes lot availability-earnest money back?
Anonymous
Unregistered


My wife and I signed a contract and put down money for a new build on a Saturday. The contract was for a specific model house on a specific lot. On Monday I get a call from the builder's office stating that the lot we chose will not fit the house we chose. I am told we will have to pick a new lot for the home. There is only 1 lot that will fit the house and we do not really like it. We have NOT signed a new contract with the new lot information. Are we entitled to get our deposit back if we don't approve the new lot?

Top
#35275 - 08/02/05 11:17 AM Re: Builder changes lot availability-earnest money back?
Jim Lee Moderator Offline
Major Contributor

Registered: 07/01/99
Posts: 4775
Loc: Knoxville, Tennessee, Knox Cou...
Unless something unique to the sales contract allows them to 'pick' another lot for you I would imagine you could cancel it and get your deposit back.
_________________________
Jim Lee, REALTORŪ, CRS, ABR, e-PRO
www.KnoxvilleHomeCenter.com
www.KnoxvilleTennesseeRealEstateBlog.com
I am not an attorney & I am not giving you any legal advice.

Top
#35276 - 08/02/05 12:38 PM Re: Builder changes lot availability-earnest money back?
super realtor Offline
Major Contributor

Registered: 05/01/05
Posts: 5508
Loc: georgia
sounds like you have a crappy subdivision agent usually they have a sheet that will tell them what model will fit on what lot,they have to have so much space in the front and back of the lot also be carefull if you want to add a covered porch as that might extend out and make the house unbuidable or too big for that lot.The sub. agent is new or dropped the ball look at your contract word for word if it says builder has the right to change lots you are out of luck.

Top
#35277 - 08/02/05 01:10 PM Re: Builder changes lot availability-earnest money back?
Anonymous
Unregistered


I figured that most builders SHOULD have a list of which models will fit on which lots. That is why I was shocked when they called. I recently met with them and confronted them about not knowing the combinations and they said that they don't have a list and seemed like it was a crazy idea that I should assume that.

Top
#35278 - 08/02/05 01:20 PM Re: Builder changes lot availability-earnest money back?
Ben34105 Global Moderator Offline
Major Contributor

Registered: 02/25/05
Posts: 1809
Loc: Florida
What ever happened to the master site plan? You know, the one they submitted to the county for approval before the permits were issued? I have worked with many developers and they know exactly what can go where. It's required. Based on my experience I say they made a mistake and are trying to give you the run around. Most likely their agents double sold the lot.
_________________________
The beatings will continue until morale improves.

Top
#35279 - 08/02/05 10:50 PM Re: Builder changes lot availability-earnest money back?
altarealtor Offline
Member

Registered: 01/09/05
Posts: 390
I agree, the lot was likely double sold. It often happens when sales info isn't updated regularly amongst sales staff. How many times have you heard the salesperson call to say 'sorry,we can't do what we've said'. it's a deal breaker.

Top
#35280 - 08/03/05 11:03 AM Re: Builder changes lot availability-earnest money back?
Realty Check Offline
Major Contributor

Registered: 09/19/03
Posts: 2410
Loc: Panama City FL
Often the "week-end" agent does not have all the updated information and is often just a fill in in effect doing an Open House for the builder.

Read your contract... it should be clear on what everyones responsibilities are. If it is like you indicated, specific house/ specific lot then you should not have a lot of problems. If you do... ask him who his attorney is.....

Top


Moderator:  Jim Lee 
Newest Members
GreatLakesBroker, Rich Oliveria, AnnaC, VernalUtah, Sparrow
12777 Registered Users
Who's Online
28 registered (Arizonaagent52, BpoBill, ChristieS, ColoBroker, Crash, 3 invisible), 67 Guests and 5 Spiders online.
Key: Admin, Global Mod, Mod
Search

Shout Box

Good Ideas
Nusetlock.com




Realtor Websites




Sponsors

Top Posters (30 Days)
Mr. Foreclosure 168
Pinehurst RE Guy 135
super realtor 133
Perky_REALTOR 127
TB in TX 122
shana 111
Vermont 105
REODayton 104
CanDo 98
ColoBroker 82
allREOpreserv 81
northtxbroker 67
estatereal 62
Agent 007 55
pikes peak 49
Featured Member
Registered: 06/20/07
Posts: 171

Real Estate Careers, Get Certified. Improve your BPO business., Chicago Real Estate, How To Advertise Here


This site presented by RNC Internet Services