Financing question if interest rates drop

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truckinusa
Posts: 3
Joined: Wed Oct 17, 2018 7:21 pm

Financing question if interest rates drop

Post by truckinusa » Thu Aug 15, 2024 5:36 pm

I bought my home and it has not been delivered in 3 months. In the meantime interest rates have dropped. Is there anything I can do at this point with no home delivered?

jarthor
Posts: 4
Joined: Wed Jul 05, 2023 5:06 am

Re: Financing question if interest rates drop

Post by jarthor » Fri Aug 23, 2024 5:25 am

truckinusa wrote: Thu Aug 15, 2024 5:36 pm I bought my home and it has not been delivered in 3 months. In the meantime interest rates have dropped. Is there anything I can do at this point with no home delivered?
I totally understand your frustration with the delay and the drop in interest rates. One thing you might want to do is carefully review your purchase contract to see if there are any clauses about delivery timelines or penalties for delays. Sometimes, there might be options for compensation or adjustments if the delivery is late. It’s also worth talking to the seller or builder directly to discuss the situation—they might offer some sort of concession for the inconvenience.

scandaloussoulful
Posts: 1
Joined: Wed Aug 28, 2024 10:55 pm

Re: Financing question if interest rates drop

Post by scandaloussoulful » Wed Aug 28, 2024 11:01 pm

Reach out to the builder or seller to discuss potential compensation for the delayboxing random. This could include financial compensation or upgrades to the home.
Last edited by scandaloussoulful on Wed Aug 28, 2024 11:01 pm, edited 1 time in total.

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