Legal Question in Real Estate Law in Florida

Builder wants to change Purchase Agreement again

10 days ago, a large local builder and I signed a Contract For Purchase, Sale And Construction. Two days later, as I am writing a $1000 check, the builder informs me that the dimensions of the house are actually 1/3 smaller than advertised and agreed upon. After some thought, I signed another Purchase Agreement with them for a larger, more expensive model (that agreement also signed by all necessary parties and returned to me). Now, several days later as I am getting financed (through their finance department), they want to draw up another PA, because their selling agent wrote in the contract that they are going to pay $3000 towards closing costs AND give $3000 in options, and they only want to do one OR the other. The builder also wanted to raise the purchase price because I was going to get a Nehemiah loan*, which ends up costing them more.

Can I hold my ground and make them honor the existing Purchase Agreement, and get the loan I want, or for that matter, could I, in theory, make them build the first house at the size and price agreed upon?

*(Nehemiah program is an FHA loan, but the seller gives some money to a corporation, who, in turn, ''gifts'' some of your down payment money.)

1 Answer from Attorneys

Related Questions & Answers

More Real Estate and Real Property questions and answers in Florida

Looking for something else?