Browse Forums General Discussion 1 Dec 08, 2009 10:12 am I'm close to signing my contract for construction of a new home, and have one question as I am finding it hard to find the part of the contract that applies. I know that you have to supply "evidence of capacity to pay contract price" within 14 days of signing the contract. I'm guessing that the builders are pretty flexible with this, do they require just a pre-approval, or do they need unconditional approval? Also, what happens if the bank comes back not willing to finance that amount (due to lovely things like interest rate rises)? Thanks Richard Some people don't have time to do the job right the first time, but seem to have plenty of time to fix their mistakes. Build Thread Re: Master Builders Assoc Contract 2Dec 08, 2009 10:37 am They need unconditional approval and this is can be done via a letter from the bank. Make sure you get the contract subject to finance, that way if it comes back short of the amount you can cancel the contract 'A bottle of wine contains more philosophy than all the books in the world.' Louis Pasteur Vegie garden: viewtopic.php?f=19&t=27637&start=0 My Backyard Adventure Thank you so much. This has been very helpful. We definitely wish to settle and get these people out of our life. They are trying to charge us interest on late… 7 14242 From the information posted it looks to me your rumpus room is nothing more than extended garage. That will present a number of challenges. Single brick wall between… 2 7754 You talk about deletions, are they variations or PS and PC adjustments? pleas list them 1 16542 |