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re: Homebuilders cancelling contracts to sell for more on market

Posted on 3/28/22 at 2:15 pm to
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119669 posts
Posted on 3/28/22 at 2:15 pm to
quote:

Homebuilder is claiming they had no choice, need to sell for more money in order to cover higher than expected costs.



Yeah, no.
Posted by KCkid
Kansas City, Mo.
Member since Oct 2015
134 posts
Posted on 3/28/22 at 2:30 pm to
I know in my market I have heard whispers of this. At least of contractors going to buyers and asking for more money due to rising costs. Most builders probably/or should have that in their purchase contracts. We did however come back last summer to all of our buyers stating that we would NOT be raising costs for build jobs under contract. A big sigh of relief from those buyers. Not sure if any other builders are doing that, in fact I haven't heard of any... However, we have just had 2 price increases on all other houses in the past 2 months. Pushing appx. $ 15,000 total. Prices just keep heading up...
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