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US: builder canceled my contract

I had booked a property with a builder nearly an year ago. I had deposited my earnest money and signed the contract to take the house as primary residence.

Since the builder delayed the delivery, i have since then changed my mind to not take it as primary. I reached out to them asked if I can take it as investment property and they strongly declined. The only other option was to take it as secondary which they agreed and was ready to change the contract and even sent me one.

Before I could sign it, they called me and said that they were canceling my contract since someone approached to them and asked to look at my house as potential tenants. They suspect i was planning for renting the property hence the cancellation. The price of the house has gone up significantly so looks like its in the interest of the builder to cancel. The reason for cancellation as stated is “non-performance”.

What are my options? I haven’t signed the cancellation contract yet but looks like I have 10 days to respond.

Any help would be deeply appreciated!

submitted by /u/brucenolan8
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/tgv1cb/us_builder_canceled_my_contract/
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