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Nov 27, 2021
12:15
:33
pm
RexIdaCoug
All-American
Lots of cost+ contracts out there right now.
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RexIdaCoug
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RexIdaCoug
Joined
Nov 17, 2006
Last login
May 4, 2024
Total posts
17,374 (2,313 FO)
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Messages
Author
Time
My daughter and her husband are having a house built for them. After many delays
Hoopster
11/27/21 11:54am
Contract fail...
doctorcoug
11/27/21 11:55am
The friend made all sorts of promises regarding timing and cost that have not
Hoopster
11/27/21 12:01pm
Fixed price?
Reasonable1
11/27/21 12:15pm
Contracts have cost contingencies so when supply dramatically increases
cougfanz
11/27/21 12:13pm
Lots of cost+ contracts out there right now.
RexIdaCoug
11/27/21 12:15pm
Why is your daughter and your husband building a house together? You not moving
SouthernBlueBlood
11/27/21 11:56am
Sincerely I feel bad for them. Not cool
SouthernBlueBlood
11/27/21 11:57am
Your husband or your daughter’s?
panacablue
11/27/21 11:57am
I haven't seen a contract without a 10% contingency clause. Even with a contract
JAGA97
11/27/21 12:36pm
I would never build without a firmly locked in price.
Adwight
11/27/21 11:58am
It’s better to do a cost plus contract
OU Cougar
11/27/21 12:01pm
That’s a fairly benign increase as compared to many I’ve heard of over the
cougfanz
11/27/21 12:15pm
from the other side of it, building has been a nightmare
dryflyelk
11/27/21 12:16pm
The market really does suck but people are not being forced to purchase a new home at a time like this so if you’re not
Zach Morris
11/27/21 12:42pm
Yeah, they looked at existing homes and could find nothing they liked in an area
Hoopster
11/29/21 10:17am
Price is a material term in a sales contract so without locking that in you really don't have a contract. Seems like the
vegasnative
11/27/21 9:56pm
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