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I purchased a 2,500 square foot home that came with $5,000 in free upgrades and a closing date of August 2009.

I just received a letter saying that my closing date is delayed to July 2010 due to an issue with the municipality having to build a water tower.

Since the delay is over 240 days my contract is cancelled however I have the option to sign a new agreement with the adjusted closing date. I feel that I have some negotiation power to ask for additional free upgrades if the builder wants me to sign a new contract, my thinking is that I will ask for another $10,000 in free upgrades.

What do you think?

Author:	macbcomm [ Sun Apr 13, 2008 11:27 am ]
Post subject:	Delayed 1 year
I purchased a 2,500 square foot home that came with $5,000 in free upgrades and a closing date of August 2009. I just received a letter saying that my closing date is delayed to July 2010 due to an issue with the municipality having to build a water tower. Since the delay is over 240 days my contract is cancelled however I have the option to sign a new agreement with the adjusted closing date. I feel that I have some negotiation power to ask for additional free upgrades if the builder wants me to sign a new contract, my thinking is that I will ask for another $10,000 in free upgrades. What do you think?

Author:	zaskar [ Sun Apr 13, 2008 12:20 pm ]
Post subject:	Re: Delayed 1 year
It's worth a shot, but their motto might be someone else will buy it if you don't. macbcomm wrote: I purchased a 2,500 square foot home that came with $5,000 in free upgrades and a closing date of August 2009. I just received a letter saying that my closing date is delayed to July 2010 due to an issue with the municipality having to build a water tower. Since the delay is over 240 days my contract is cancelled however I have the option to sign a new agreement with the adjusted closing date. I feel that I have some negotiation power to ask for additional free upgrades if the builder wants me to sign a new contract, my thinking is that I will ask for another $10,000 in free upgrades. What do you think?

Author:	RizzoLee [ Sun Apr 13, 2008 5:39 pm ]
Post subject:
I didn't realize they could automatically cancel the contract - I thought you as the purchaser had to agree to that as well? I could be wrong though.

Author:	hailian [ Sun Apr 13, 2008 8:12 pm ]
Post subject:
which builder did you buy from? mattamy? if so then in which phase and model?

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