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Latest posts by Amanda Byford (see all)
With regards to real estate, it’s a seller’s market. The media is brimming with stories about houses going under agreement for tens of thousands of dollars over the listing cost.
Yet, when you have an agreement with the seller, you are good to go, correct? Not necessarily.
The cost of homes and construction costs has risen quickly. In the meantime, supply chain issues and labor shortages are causing new structure projects to run months surprisingly lengthy.
This has caused some home builders to drop contracts or request greater costs. Tragically, much of the time, that’s the way it is. While this may be exploitative; it’s entirely legitimate.
If you are buying another construction home, be sure you understand your risks and responsibilities.
Here are BBB’s tips to ensure your experience goes smoothly.
Reference Source: News19
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