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Started By
Message
Any of you guys ever back out of a purchase agreement on a new house with DSLD?
Posted on 7/20/23 at 8:01 am
Posted on 7/20/23 at 8:01 am
I signed one in June, but I’m having second thoughts for various reasons.
If any of you ever did this, can you tell me what the consequences were and whether or not it was an easy process?
If any of you ever did this, can you tell me what the consequences were and whether or not it was an easy process?
24
Posted on 7/20/23 at 8:02 am to cbree88
Have you done the walk around yet? New construction I assume?
Posted on 7/20/23 at 8:02 am to cbree88
You’re going to lose a lot of money.
Posted on 7/20/23 at 8:02 am to cbree88
I'd imagine you have a signed contract that lays all that out for you...
Posted on 7/20/23 at 8:03 am to cbree88
I imagine you obviously forfeit your earnest money. That’s prob about it.
Or wait for Brad Pitt to give you a free house then sue him for it not being up to your standards.
Or wait for Brad Pitt to give you a free house then sue him for it not being up to your standards.
This post was edited on 7/20/23 at 8:06 am
Posted on 7/20/23 at 8:03 am to cbree88
Heard of someone doing it back in the day, no real penalty and they didn't care because they could sell it the next day.
Don't know about these days.
Don't know about these days.
Posted on 7/20/23 at 8:03 am to cbree88
a buddy did a couple years back and he only lost the $1k deposit. worth it
Posted on 7/20/23 at 8:04 am to cbree88
I wish everyone would back out of buying those fricking things.
Posted on 7/20/23 at 8:08 am to cbree88
quote:
purchase agreement on a new house with DSLD?
quote:have you not read this board the last several years?
I signed one in June
Posted on 7/20/23 at 8:08 am to cbree88
If the purchase agreement allows for inspection you can nit-pick the inspection report and use that to back out.
Posted on 7/20/23 at 8:10 am to BruslyTiger
Normally if you just ask to get out, they will let you out for just the deposit if they have someone else that is willing to buy it for the same price. Right now with the lack of inventory, they likely have someone else willing to buy.
Posted on 7/20/23 at 8:11 am to DevilDagNS
Might want to look around brother. While my DSLD home has its issues, 6 years ago it was the best thing I could have purchased in my price range. I either buy a brand-new house with a 5 year warranty or buy a 30 yr old home that has avocado colored toilets for 300k.
There is a pretty big need right now for starter homes. I know at 30 I couldn't afford a 400k house even with 3% interest rates, I have no idea how my bro n law just bought a 250k house at 7% working for the state.
There is a pretty big need right now for starter homes. I know at 30 I couldn't afford a 400k house even with 3% interest rates, I have no idea how my bro n law just bought a 250k house at 7% working for the state.
Posted on 7/20/23 at 8:16 am to Pauvetibete
quote:
Might want to look around brother. While my DSLD home has its issues, 6 years ago it was the best thing I could have purchased in my price range. I either buy a brand-new house with a 5 year warranty or buy a 30 yr old home that has avocado colored toilets for 300k.
There is a pretty big need right now for starter homes. I know at 30 I couldn't afford a 400k house even with 3% interest rates, I have no idea how my bro n law just bought a 250k house at 7% working for the state.
Don't really give a shite about the house or the color of the toilets. Those shitty developments and their occupants are absolutely decimating St. Tammany Parish.
Posted on 7/20/23 at 8:18 am to cbree88
You either buy dsld or for the same price a 59 year old fixer upper. So good luck backing out
Posted on 7/20/23 at 8:19 am to DevilDagNS
quote:
I wish everyone would back out of buying those fricking things.
I wish everyone understood the allure of DSLD type homes is twofold
1. new construction comes with incredible energy efficiency. In 4 years, our 'lectric bill has never been over $130 (we have no tree cover after 10am) and AC easily cools the house to 70 even when it's 100 outside.
2. DSLD pays ALL closing costs. That makes a 5-10k difference. In our case it was over 6k.
This post was edited on 7/20/23 at 8:24 am
Posted on 7/20/23 at 8:21 am to cbree88
I own a DSLD. Bought for $209k in 2020. Same house is selling for $265k right now.
Both of my next door neighbors sold their house within a week of listing within the last month.
They are by no means custom houses, but they are not a bad purchase.
I have had zero issues
Both of my next door neighbors sold their house within a week of listing within the last month.
They are by no means custom houses, but they are not a bad purchase.
I have had zero issues
Posted on 7/20/23 at 8:23 am to SulphursFinest
quote:
They are by no means custom houses, but they are not a bad purchase.
I have had zero issues
They really aren't. We've been in ours since April 2019 with no issues at all.
But it's the OT so they shite on anything beneath the U-Club.
This post was edited on 7/20/23 at 8:24 am
Posted on 7/20/23 at 8:25 am to mikelbr
They also have the best resale I’ve seen. Every old house is sitting and these are selling as soon as they come up.
I built for $109/sqft. OT can sugma. Best purchase I’ve made
I built for $109/sqft. OT can sugma. Best purchase I’ve made
Posted on 7/20/23 at 8:25 am to BruslyTiger
quote:
If the purchase agreement allows for inspection you can nit-pick the inspection report and use that to back out.
This is the surest way to lose your deposit. Builders and customers agree on Standardized construction performance guidelines. They are published by a couple of Home Warranty Programs. If it ever gets to a judge, (it won't because in your contract you agreed to mediation) they will always refer back to standardized construction performance guidelines.
The ignorance on this board is astonishing.
Posted on 7/20/23 at 8:26 am to mikelbr
We have 0 tree coverage. We keep the AC at 73 during the day, 65 at night. We havent seen a bill higher than $160 in 6 years.
Same. Bought my home for 201k and it's appreciated to 275k in 6 years.
quote:
I own a DSLD. Bought for $209k in 2020. Same house is selling for $265k right now.
Both of my next door neighbors sold their house within a week of listing within the last month.
Same. Bought my home for 201k and it's appreciated to 275k in 6 years.
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