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WHAT HAPPENS IF THE COST TO BUILD A HOME EXCEEDS THE CONTRACT PRICE?

Luxury Homes and Estates of Florida Magazine
by Houston E. Short

There has been an explosion of home building in Central Florida. Builders often execute contracts for homes that will not be built and closed until over a year passes. The contract price is frozen, however, a cost spiral fueled by oil price increases and competition for raw materials with foreign countries and natural disasters have impacted builders.

In some cases the cost to actually construct the home exceeds the sale price. More.....

 

 

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