Go Back   BuildingHomes.ca - Building your community! > Alberta > Calgary

Thread Tools Display Modes
Old 2011-06-20, 03:15 PM
firstbuilder firstbuilder is offline
Junior Member
Join Date: Jun 2011
Location: AB
Posts: 2
Default 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.
Reply With Quote
Old 2011-06-21, 07:57 AM
Ambers Ambers is offline
Regular User
Join Date: Nov 2010
Posts: 35

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!!

Reply With Quote
Old 2011-06-21, 09:05 PM
GregS's Avatar
GregS GregS is offline
Join Date: Sep 2003
Posts: 4,243

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.
We do everything for
Audio - Video - Data - Security
For Your Home - For Your Condo - For Your Office

Reply With Quote


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Builder deposit and downpayment West Nile Financing, Mortgages and Insurance 11 2011-07-25 11:42 AM
Grading deposit from builder at Upper Thornhill Estates rdx Markham / Thornhill / Vaughan 8 2011-05-16 03:26 PM
Anyone having trouble getting back their security deposit? sunsu Building and Construction 14 2010-05-12 09:44 PM
Getting Deposit Back / Cancelling Home NRT Stouffville - Mattamy On Main and Wheler’S Mill 12 2008-08-05 11:14 PM
What happens to the deposit.... homesweethome Financing, Mortgages and Insurance 9 2007-11-09 11:51 PM

All times are GMT -4. The time now is 05:02 AM.

Copyright © PHAND Corporation
This document may not be used elsewhere without the expressed written consent of PHAND Corporation.
*** There is no association between this website and any builder. ***

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2023, vBulletin Solutions, Inc.