Legal Question in Real Estate Law in Florida

Re: New Home Builder

That happened to my client, and I was able to renegotiate a new price. I always advise my clients to provide for such a condition, in their contract when purchasing a new home from a developer. Didn't your attorney do so?

Re: New Home Builder

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A developer can sell a property for more or less as he/she/it chooses. The market place will dictate the final price.

The market in Florida has had a downturn in many areas and the new price may reflect the accurate value based on market conditions.

If you bought in November, 2006, it is improbable that you would find more favorable rates for a loan now then you did at closing. You may have to wait until you gain some equity in the property or the market swings back up.

Scott R. Jay, Esq.