home buying doubt

[pandugadu999]

rate lock in aipoyi , disclosures anni sign chesi inka closing kaaledu.. can we backout now without losing any money? paid some advance 20k..

[Sizzler]

Home Inspection, Appraisal etc done? 

Is this a new construction where you put down 20K as Earnest deposit? 

[pandugadu999]

33 minutes ago, Sizzler said:

Home Inspection, Appraisal etc done? 

Is this a new construction where you put down 20K as Earnest deposit? 

home inspection no, appraisal yes

yes new home earnest deposit 

[nenu_meeku_telusa]

2 minutes ago, pandugadu999 said:

home inspection no, appraisal yes

yes new home earnest deposit 

You will lose money. Home inspection is only chance if the seller isn’t agreeing to fix your concerns or provide a discount. Appraisal mostly for new homes comes to the seller price. So no way to back out without losing money. Talk to realtor and see if you have any other options. 

[pandugadu999]

8 minutes ago, nenu_meeku_telusa said:

You will lose money. Home inspection is only chance if the seller isn’t agreeing to fix your concerns or provide a discount. Appraisal mostly for new homes comes to the seller price. So no way to back out without losing money. Talk to realtor and see if you have any other options. 

What if we want to buy different home with ssame builder

[Sizzler]

16 minutes ago, pandugadu999 said:

home inspection no, appraisal yes

yes new home earnest deposit 

I am afraid builder might not give that money back to you. You can back out but be prepared to lose the 20K. 

You can back out during inspection for already built homes. 

[Sizzler]

Also, why do you want to back out now? If there is a genuine excuse like employment, relocation etc, builder might be flexible to give the 20K back to you. 

[pandugadu999]

Just now, Sizzler said:

Also, why do you want to back out now? If there is a genuine excuse like employment, relocation etc, builder might be flexible to give the 20K back to you. 

chnaged mind..looking for better home. Want to wait for few months ..

[ErraBook_monagadu]

Did you buy Tracy hills Lennar?

want to back out because of falling prices?

[no01]

18 minutes ago, pandugadu999 said:

chnaged mind..looking for better home. Want to wait for few months ..

I know few folks changed their mind and lost earnest money (20K-30K) ala...and they were ok because similar house in the same community and near by lo prices went down a lot. So loosing 20K-30K is still cheaper than moving into a house which is already 70K+ lower than their original price.

Nee case kuda ade aithe then its ok to loose. Also, long term think chey....if u n ur wife not at all happy moving into that house, then just drop the plan anthe. 20K big amount ah leda small ah anedi mee istam, but ah house lo meeru happy ga lekapothe nothing will work out for you, every single day u will keep thinking that u made a big mistake ani....so enjoy ur house, adi chaala imp.

 

[Abhagyudu]

59 minutes ago, no01 said:

I know few folks changed their mind and lost earnest money (20K-30K) ala...and they were ok because similar house in the same community and near by lo prices went down a lot. So loosing 20K-30K is still cheaper than moving into a house which is already 70K+ lower than their original price.

Nee case kuda ade aithe then its ok to loose. Also, long term think chey....if u n ur wife not at all happy moving into that house, then just drop the plan anthe. 20K big amount ah leda small ah anedi mee istam, but ah house lo meeru happy ga lekapothe nothing will work out for you, every single day u will keep thinking that u made a big mistake ani....so enjoy ur house, adi chaala imp.

 

Correct ga cheppaeu bro. If you go ahead and are not happy with it, your loss will be more than 20k..you cannot find buyers too

[Sizzler]

1 hour ago, no01 said:

I know few folks changed their mind and lost earnest money (20K-30K) ala...and they were ok because similar house in the same community and near by lo prices went down a lot. So loosing 20K-30K is still cheaper than moving into a house which is already 70K+ lower than their original price.

Nee case kuda ade aithe then its ok to loose. Also, long term think chey....if u n ur wife not at all happy moving into that house, then just drop the plan anthe. 20K big amount ah leda small ah anedi mee istam, but ah house lo meeru happy ga lekapothe nothing will work out for you, every single day u will keep thinking that u made a big mistake ani....so enjoy ur house, adi chaala imp.

 

Good advice here. Whatever decision you make, don’t regret it. 

[pandugadu999]

2 hours ago, ErraBook_monagadu said:

Did you buy Tracy hills Lennar?

want to back out because of falling prices?

No uncle

[Aquaman]

which location and builder vayya?

[pandugadu999]

5 minutes ago, Aquaman said:

which location and builder vayya?

texas , builder dont know..its for my bro