Expert, localized Los Angeles answers provided by Heather Roy

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Prices Have Dropped

  I am in escrow with a house that is being built. Since purchasing the home a couple of months ago the prices have dropped even further. What can I do if anything since the same houses are priced even lower now, We have not closed yet.
 
  You're not the first person to write me about this situatin recently. Have a lawyer look over your contract to see if there's some way you could get out of it.  With that possibility, you'd be in a good position to negotiate -- or for your lawyer or a good real estate broker to negotiate for you. 
Let me know what happens; I'm interested.
    Edith
Originally published on October 4, 2007
 
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