jbonds2000

New Construction Pricing Game by Listing Broker

Pete
last month
last modified: last month

There's a new development we're under contract for. You buy the lot from the developer and contract with their pre-approved construction firm for the build from provided plans.

The entire house+lot was advertised on MLS at $X. We signed a contract for the lot and went to talk to the builder. Lot Price + Builder Contract = MLS $X. Then we get a separate bill for the builder permit for $18K. We havent signed the builder contract yet because this puts us above our budget plus $18K above the MLS price. Do they have to honor the list price? Listing agent says, "prices are going up - have to pay more." Sounds like bait and switch. What legal ramifications do we have?

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