Legal Question in Real Estate Law in Texas
buying home
My husband and I began the process of finishing a home with a builder 6 months ago at an agreed upon price of $727,000, however we added upgrades such as tiles, lighting, hardware, vanities, etc. We come up with a reasonable price of $990,000, however the builder says it should be $150,000 more than that price. We have not seen documentation of receipts, and we believe that they mey have spent that, however, they did not deduct for what the original allowance was. My questions is, can we get out of purchasing the house completely, and if so will we the $45,000 earnest money? Thank you,--name removed---name removed--
1 Answer from Attorneys
Re: buying home
Not having reviewed your contract, the change orders, the billings, the allowances, there is absolutely no way anyone can give you an opinion on this question. I will say that I have never met a builder who would commence building an almost $1,000,000 home without an enforceable contract. However, I have met a lot of consumers who would try to resolve such a dispute without proper legal advice, and trial lawyers love them.
By all means get all of the documents and get with an attorney to get it reviewed immediately. Further delay could convert a resolvable mess into an impossible mess.
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