t’s one thing to agree to pay the higher costs, but a lot of new home buyers are telling KPRC 2 Investigates that builders are demanding more money for homes after they’ve locked in the price and signed a contract.
One of the cardinal rules of any big financial purchase is to get everything in writing. But in these cases with new home construction, builders are throwing contracts out the window and leaving buyers in a lurch.
“And every time we go by, my three kids are like, ‘Mama’s house! Mama’s house!’ and my 3-year-old daughter, she likes going to see her room,” said Montalvan.Christina Montalvan is a school teacher. She found the home her family could afford in a Brookshire subdivision in April 2021. She signed a contract with builder Manuel Cabrera for $180,000 with a closing date of October 29, 2021. In October the house still wasn’t ready.Homebuilder changes the prices after signing a contract.
“There’s no wiggle room for that contractor, that contractor is going to have to honor that contract as stated,” Randolph explained.Greater Houston Builder’s Association
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