Trying to keep calm here. We have saved all our lives and signed a contract to build our retirement home in Florida on Feb 28. Such bad timing. We have put a 32k deposit down on a 380k new build. Delivery is scheduled for Q1 2021. We are reeling from what is happening and trying to keep calm. Our contract is pretty much in the builders favor with no “disaster out clause”. So far we have spoken to the builder and he does seem to be very understanding. The development has just started and there are only a couple roads built with the sandy lots established. Nothing significant built out yet. We spoke with him yesterday and he says that he’s been building for 30 years and has gone through all of the other down turns and believes that this will also pass. We asked him what it would take to cancel; he actually indicated that if things in the economy do not improve he would cancel and refund our deposit minus administrative costs. We appreciate his sentiments but of course this could all be just lip service. Does anyone have any ideas on how we should proceed?
We are trying to remain hopeful that people recover from this terrible illness and our way of life returns to somewhat normal. Stay safe and healthy everybody.
We are trying to remain hopeful that people recover from this terrible illness and our way of life returns to somewhat normal. Stay safe and healthy everybody.