Back out

[FLraja]

6 minutes ago, Thokkalee said:

80K difference is too much.. and he might buy it at a higher interest rate too thus increasing the total cost of the loan compared to your loan…

Given the situation, would you lose 40K for nothing? Or risk the chance of hoping that the home prices don’t fall so much (like 80K) in few months.. I doubt builders will reduce the prices by 80K anytime soon… 

Also you don’t have to tell your neighbors the price you paid for the home if that makes you feel sad about your home.. 

Bhayya nuvu ekkadooo vunnav. Mana own friends will look in zillow and compare and message us with pakkanodi rate. All friends group lo pedtaru. Pellam torture verey vuntundi, konakapotey nasa pedtaru kontey itla nasa vuntadi. Na mod…la paisal ra bhai poni antey pellam nasa daily

[krrish]

Daily news lo significant percentage people are backing out ani vastundi…antamandi easy ga ela back out avutaru ra bhai…

[Thokkalee]

2 minutes ago, krrish said:

Daily news lo significant percentage people are backing out ani vastundi…antamandi easy ga ela back out avutaru ra bhai…

Many people are priced out bcoz of the high interest rates… 

[ZoomNaidu]

16 minutes ago, krrish said:

Exactly…ade kada problem…people say, try to see if it is affordable…it is affordable but does not mean that I want to spend extra..it is matter of saving 1000’s of dollars

Then endhuku dhiginaav ba 😃😃 - Idhey rate Perigithey happy ga enjoy chesthaav ga, ippudu thaggindhi so be it - nuvvu vundey intiki nuvvu extra kattinaav - as simple as that. Just go ahead and enjoy ur new home, I saw one of ur post - ippudu Back out ayyi thagginaaka konta ani, same idhey house next year 40k perigithe em chesthaav bro 😃😃.  You can never predict market, just go with the flow and get it closed with positive energy and Enjoy ur new home 🏡!! 

[FLraja]

3 minutes ago, krrish said:

Daily news lo significant percentage people are backing out ani vastundi…antamandi easy ga ela back out avutaru ra bhai…

Job loss

job change

priced out with new rate

low deposit ( kb takes 5k so simply exit, some take 15k, some 100k)

some lenders backout by canceling rate lock

[Telugodura456]

37 minutes ago, Thokkalee said:

if the builder backs out on the last day citing some issue, will you agree? You can even sue the builder for breach of contract.. An agreement is there for a reason so that it binds all of the parties.. 

if you like the home, the price of the house (within the affordable range) doesn’t matter after you move in.. you won’t even think about it after few months… just make sure that the monthly mortgage is affordable with the increased interest rates.. 

builders also back out on prices after agreement. Antha thops emi kaadhu vallu.

Try re-negotiation but chance thakkuva in my opinion.

[FLraja]

2 minutes ago, ZoomNaidu said:

Then endhuku dhiginaav ba 😃😃 - Idhey rate Perigithey happy ga enjoy chesthaav ga, ippudu thaggindhi so be it - nuvvu vundey intiki nuvvu extra kattinaav - as simple as that. Just go ahead and enjoy ur new home, I saw one of ur post - ippudu Back out ayyi thagginaaka konta ani, same idhey house next year 40k perigithe em chesthaav bro 😃😃.  You can never predict market, just go with the flow and get it closed with positive energy and Enjoy ur new home 🏡!! 

nuvu okadivi ok antey nadvadu , intla wife friends etc.. abbo aa nasa verey

[ZoomNaidu]

Just now, FLraja said:

nuvu okadivi ok antey nadvadu , intla wife friends etc.. abbo aa nasa verey

Haha… ardham ayindhi. Aa nasa ni pattinchukuntey inka biscuit ye. 

[ZoomNaidu]

@krrish - if ur employer is desi, u have an option 😉😉. 

[Thokkalee]

2 minutes ago, Telugodura456 said:

builders also back out on prices after agreement. Antha thops emi kaadhu vallu.

Try re-negotiation but chance thakkuva in my opinion.

If the builder backsout, there must be some clause in the agreement that allows them to do that.. if not, they will be sued.. 

[Telugodura456]

Just now, Thokkalee said:

If the builder backsout, there must be some clause in the agreement that allows them to do that.. if not, they will be sued.. 

one builder backed out with a known guy in the very next day after he realized how hot the market is. The guy agreed for a 5k raise (builder asking for 10k) instead of all legal costs in fighting him.

[krrish]

5 minutes ago, ZoomNaidu said:

@krrish - if ur employer is desi, u have an option 😉😉. 

Emi option baa….work from home ledu ana? Daily onsite rammantunnadu ana?

[raccharambola]

17 hours ago, BeerBob123 said:

 

Madyanishedam ani YRSCP manifesto lo ekkadaa cheppaledu - Gudivada Amarbob

[Complex]

7 minutes ago, krrish said:

Emi option baa….work from home ledu ana? Daily onsite rammantunnadu ana?

job location changing ani letter chesko bro, or else new job offer in diff state

[Thokkalee]

7 minutes ago, raccharambola said:

Madyanishedam ani YRSCP manifesto lo ekkadaa cheppaledu - Gudivada Amarbob