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firstbuilder 2011-06-20 03:15 PM

Builder Deposit Can I get it back?
Put $50000 down to start building process. Can I back out of the deal and get it back? No plans have been given yet.

Ambers 2011-06-21 07:57 AM

Did you sign a contract? If you did it should be listed in there what they do with the deposit. I know on mine they get to keep it, but they can give it back if they want to I would think. Your best bet is to talk to the builder and explain why you want it back, and hopefully it all goes well for you. Good luck!!

GregS 2011-06-21 09:05 PM

Not sure if this is a custom contracted home, or a production builder home. Either way there should be a purchase agreement regarding termination of the contract. Your lawyer would have reviewed this part and will be able to properly explain it to you.

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