Hello Everyone,
Need help! We signed HIA fixed price build contract couple of months back and got finance approved for our first home in SE QLD. Now, the builder says he can't honor the contract due to price rise and has sent the revised contract increasing the price by more than 15 grand. I can't afford the increase. Is it possible to get out of the contract? The only work done by the builder so far is the build plan and the soil test. I had paid initial deposit of $2000. Would I be required to pay more to cancel? Anyone been in the same boat, please advise.
Thanks!