Richmond, VA asked in Real Estate Law and Construction Law for Virginia

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.

1 Lawyer Answer
Mr. Andrew T. Bodoh
Mr. Andrew T. Bodoh
  • Richmond, VA
  • Licensed in Virginia

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.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.