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Having issues with a home builder

Ja Rhule

By Ja Rhule,
in Huddle Lounge

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Ja Rhule Grand Master

Ja Rhule

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With D R Horton to be exact. We signed contract to build our house back in April. Construction was supposed to begun over 5 weeks ago but nothing is build yet, not even foundation. I'd be alright with it but we agreed "verbally" to close on our house in September which puts us less than 3 months away. We contacted our builder and asked him wtf is going on? Why such a delay? He lied to us and told us that construction would start "tomorrow" but it didn't and it was over 2 weeks ago, instead builder is trying to build inventory instead of our house. We sent him an email today and he completely ignored us and instead start building 2 other inventory homes... I'm dumbfound of wtf is going on? I do not want my 300k home to be build in less than a month... What are my options?

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Anybodyhome Grand Master

Anybodyhome

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The builder does not have the ready cash to build your house, that's the issue. He's going to try and build a couple empties, sell those at a discounted rate just to get some cash in pocket to build your spec house. I'm guessing you have a bunch of extras added to the base home, which means he has to go get specific products instead of using the usual materials and he won't get his quantity discount.

Sure, there are plenty of builders out there wanting to work, but the big builders are getting killed because they have a lot of inventory on hand which is costing them money and the last thing they want to see is someone walk in the door wanting a custom home, or a standard design with a ton of upgrades.

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Floppin Grand Master

Floppin

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The builder does not have the ready cash to build your house, that's the issue. He's going to try and build a couple empties, sell those at a discounted rate just to get some cash in pocket to build your spec house. I'm guessing you have a bunch of extras added to the base home, which means he has to go get specific products instead of using the usual materials and he won't get his quantity discount.

Sure, there are plenty of builders out there wanting to work, but the big builders are getting killed because they have a lot of inventory on hand which is costing them money and the last thing they want to see is someone walk in the door wanting a custom home, or a standard design with a ton of upgrades.

This doesn't make any sense, unless the person is financing with the builder. If Arsen has outside financing all the builder has to do is start construction to begin being able to get inspected for draws from the financier.

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