Author Topic: IP new build delayed one month  (Read 532 times)

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Offline m_st

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IP new build delayed one month
« on: September 12, 2021, 04:42:50 PM »
Hi,

If my new build home gets delayed one month, am I supposed to ask for something from the builder?  Free rent?  Its Irvine Pacific.  Signed date was Dec 22, just got notified its pushed back to Jan 25.

Offline tomiki

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Re: IP new build delayed one month
« Reply #1 on: September 12, 2021, 04:54:30 PM »
Mine got delayed two months. My builder's sale mgr stated the following:

"The completion date that we provide is always just an estimate up until the builder knows we are about 30 days from closing and provides a “30-day closing notice”. This notice would provide you the firm closing date. Due to the nature of home building, unfortunately delays are quite common, but we certainly did not expect to face the challenges we have with COVID. The only thing the builder would consider is if we delayed AFTER sending the 30-day closing notice. If this were the case, the builder is usually lenient about paying for rate lock extensions, but nothing towards housing."

Offline Yousr

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Re: IP new build delayed one month
« Reply #2 on: September 12, 2021, 10:30:44 PM »
Check your contract. You’ll see IP has given themselves a full year of leeway in case construction gets delayed at no penalty to them. And up to 2 years if you choose to stick with them and not withdraw the deposit and void the contract, in which case you can ask for some type of restitution to be agreed upon between the two of you

Offline sleepy5136

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Re: IP new build delayed one month
« Reply #3 on: September 13, 2021, 12:28:33 AM »
I mean if the contract protects them to delay for one year, what can you really ask from the builder besides covering your lock fees? They know you can’t do anything legally.

 

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