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re: Homebuilders cancelling contracts to sell for more on market
Posted on 3/28/22 at 2:30 pm to kywildcatfanone
Posted on 3/28/22 at 2:30 pm to kywildcatfanone
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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