New home builders like to close as soon as possible. That’s when they get paid. As the closing date nears, chances are they’ve drawn as much as their lender will allow prior to closing. Most builders make periodic draws from their lender based upon construction progress. Once a final occupancy permit [...]
Entries Tagged as 'New Homes'
Today’s dangers of closing while repairs are outstanding or there’s a dispute with the builder.
August 29th, 2007 by Lee Mason, The Masters Realty Group LLC ;
3 Comments
Tags: Buyers · Home inspection · New Homes · Repairs
Games builders play: it may look like a duck, and act like a duck, but it’s really a snake in disguise
August 9th, 2007 by Lee Mason, The Masters Realty Group LLC ;
1 Comment
I found it in the fine print of the boilerplate.
Representing a buyer client purchasing a new home, we’d drafted a purchase and sale agreement from standard MLS (multiple listing service) forms. Then came time to scrutinize the builder’s “standard” addendum.
Ever notice how many new home builders seem to have disjointed addenda? They don’t [...]
Tags: Buyers · Contracts · New Homes · Real Estate