Skip to main content

New Home Builder hit me with $2K in Hidden Costs - Pre-bid. Seems like an Ethics violation

Pulte homes — has a bidding program where they have a Drawing and you enter by submitting an Offer.

Your Offer includes some questions - and an additional Lot Premium Bid - on top of the Builder Lot Premium. You also include your anticipated amount you will spend on Options - and your Elevation choice.

So I submitted an Offer and won.

After winning - when signing the sales agreement - the builder hits me with $2000 in mandatory structural options - because it’s a Corner Lot. They add on a little feature of rock siding to the side of the house because it’s a corner lot.

This cost was completely hidden to me - until the sales agent mentioned it when I signed the agreement.

I feel this should have been included in their lot premium - since it’s required for the corner lot.

I feel this was a misrepresentation and it was a hidden cost.

Do I have any recourse?

Is this an ethics violation?

Should I threaten to file a formal complaint if they do not absorb that cost themselves ?

I want to write a very direct email - but I also want to make sure I word it correctly and threaten the appropriate action.

I also don’t want them to refuse to sell to me either.

But I don’t feel like it’s fair for them to Hide Costs.

submitted by /u/LocoShibe22
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/o9htkk/new_home_builder_hit_me_with_2k_in_hidden_costs/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear
1 comment
Read more

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th
Post a Comment
Read more

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/
Post a Comment
Read more