No price reduction, no deal

Home buyer wants discount when builder lowers price on same model

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Editor's note: Robert Bruss passed away on Sept. 26, 2007. This was one of the last real estate columns he wrote. Inman News is publishing Bob's last work as a final salute to the nation's most well-known real estate writer. DEAR BOB: I am in the process of buying a new house in a development where the base price on the same model as mine has dropped. Am I entitled to have my contract with the builder redone so I can buy at the new lower base price? The house I am buying has not yet been completed. --Makeise F. DEAR MAKEISE: You are not automatically entitled to any price reduction, but you can beg and plead with the home builder. Smart home builders will reduce their sales price rather than lose a serious buyer like you. Purchase Bob Bruss reports online. If the builder won't reduce your base price to be competitive, talk with a local real estate attorney about canceling your purchase contract and getting your deposit refunded. CAN CONDO OWNER FORCE UPSTAIRS NEIGHBOR T...