I have seen many new housing contracts in the past 24 months, a new clause added to most contracts state the builder determines the final contract price, as may increase from date of contract due to market pricing for materials and labor.
Also, I have not seen, but have been told, a buyer walking away from a contract due to their budgeting, obviously loses 100% of their earnest money / down payment, and MAY also be pursued for the differential in the contract price vs. final sales price to another party.
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