Q: I signed a new construction purchase contract from a builder and gave a $5k deposit. What are my options to hold/cancel.
My company is possibly being purchased and we may need to relocate, therefore I would like to put the construction on hold. I emailed them this, and they responded that they would continue building the house but with 0 upgrades that we selected, then if we want it at the end we can have it. Does that sound fair? Shouldn't they have to wait at least a small amount of time for me to give them an answer? Is my $5000 refundable? I can send contract details if necessary. Thank you.
A: You have to look at the contract you have with the company. You may wish to consult with an attorney and bring them a copy of the contract to review.
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