From the advice of one of our preferred Attorneys, Mr. Chris Combs of Combs, Gottlieb & MacQueen, P.C.:
Builder Wants To Sell For Higher Price To Another
Question: One year ago we signed a homebuilder’s contract to build a $1.2 million Peoria home for us. This home is now built, but the homebuilder’s sales representative refuses to talk to us about a close of escrow date. This home has appreciated in value to $1.6 million, and we think that this homebuilder is trying to sell our home to another buyer for a profit of $400,000. How can we prevent the sale of our home by the homebuilder to another buyer for $1.6 million?
Note: Under the AAR Purchase Contract for resale homes, however, a buyer is allowed to file a lawsuit against the seller for specific performance of the AAR Purchase Contract and to record a Lis Pendens. The seller and the buyer must then go to mediation before proceeding with the lawsuit.
If you have any topics or questions you would like answered, contact The Shanna Day Dream Home Team - we’ll find the answers for you!
Shanna Day Dream Home Team
Keller Williams Realty East Valley