Home Buyers ki oka manchi muchata !

[Telugodura456]

Housing market is definitely down in south and california.

[TechSri]

contract rasukunnaka drop avvocha before closing. Earnest money tho patu inka emina additional penalty kattamantara?

[neneno1]

21 minutes ago, TechSri said:

contract rasukunnaka drop avvocha before closing. Earnest money tho patu inka emina additional penalty kattamantara?

Yes u can.

u will lose earnest money. No other penalties mostly with any builders.

earnest money also u can try ur luck with some stories but 99% u will lose it

[AnandaVivek]

6 hours ago, Telugodura456 said:

Housing market is definitely down in south and california.

Texas market last 6months its up

[reddyrao]

5 minutes ago, AnandaVivek said:

Texas market last 6months its up

bruhhh.. 1 decade nundi unnava ee DB lo 

[sureshkonda]

6 hours ago, Telugodura456 said:

Housing market is definitely down in south and california.

It is down everywhere. 500K+ houses with unfinished basements are sitting longer

[Vaaampire]

Bay area market picked up a lot since February. Interest rates going up to 8-9% may not happen. Even if it goes, prices in bay area may not go down a lot. Everyone is with same mindset. Interest rates perigina 1-2 years lo malli 4% ki vasthayi. Not so worried.

[aimodel]

2 hours ago, sureshkonda said:

It is down everywhere. 500K+ houses with unfinished basements are sitting longer

post proofs antunna @TOM_BHAYYA

[cameraman]

return to office strict chesi

remote work cut chesthe

dallas market will see some change

[TechSri]

4 hours ago, neneno1 said:

Yes u can.

u will lose earnest money. No other penalties mostly with any builders.

earnest money also u can try ur luck with some stories but 99% u will lose it

That’s what i heard but just making sure if there any time limit for back out. Builder sue cheyadam lantivi undavu kada. Builder kooda earnest money potay annadu. 
 

should we write email or do some paper work to cancel contract 

[Aquaman]

5 hours ago, TechSri said:

That’s what i heard but just making sure if there any time limit for back out. Builder sue cheyadam lantivi undavu kada. Builder kooda earnest money potay annadu. 
 

should we write email or do some paper work to cancel contract 

This is where we fall in trap

Builder's lender gives incentives ani  andharu vadi deggariki potharu

guess what,  contract will be written in favour of builder, every clause there from builder's lender will be written so that builder has full freedom to do when ever they want..

a lender edho 5-10k closing ki pedthadu ani potharu gani...no body thinks about it.

[Ravi860]

46 minutes ago, Aquaman said:

This is where we fall in trap

Builder's lender gives incentives ani  andharu vadi deggariki potharu

guess what,  contract will be written in favour of builder, every clause there from builder's lender will be written so that builder has full freedom to do when ever they want..

a lender edho 5-10k closing ki pedthadu ani potharu gani...no body thinks about it.

People got no option they want to use that closing amount or whatever incentive and thinking to refinance later. Current situation lo ea stone ayina okkate also dorikindhe mahaprasadham. First of all backout ayye mindset tho asalu enter avvadam waste. 

[Ravi860]

16 hours ago, Telugodura456 said:

Housing market is definitely down in south and california.

Trending upwards since Feb so far in TX cities.. possible seasonal 

https://www.redfin.com/city/30818/TX/Austin/housing-market

[Ravi860]

6 hours ago, TechSri said:

That’s what i heard but just making sure if there any time limit for back out. Builder sue cheyadam lantivi undavu kada. Builder kooda earnest money potay annadu. 
 

should we write email or do some paper work to cancel contract 

Why you want to back out?

[Aquaman]

12 minutes ago, Ravi860 said:

People got no option they want to use that closing amount or whatever incentive and thinking to refinance later. Current situation lo ea stone ayina okkate also dorikindhe mahaprasadham. First of all backout ayye mindset tho asalu enter avvadam waste. 

antha desperate situation emundhi for a 30 year commitment