Buy a new house
Have any of you wondered, when a bullder build a house he raises the price of the house with each release. I just don't understand the cost of the building did not change, the cost of labor did not change. Is it due to the cost of lumber and supplies? Is it based on the cost of oil?
It is just frustrating when you get a price and then get prequalified at the given price. But only to loss out because the builder raises the price on the house while you are waiting for it to be built.
That's why you sign a contract, so both you and the builder are locked into a price. If you add extras, upgrades or changes to the contract, then sure, it will go up.
If you are talking about when a builder starts building houses in one project and then finishes that project and starts a new one, even though they are building the same houses, it could be the price of land and many other things that need to be factored in.
When you get pre-qualified (I'm assuming you mean for a mortgage) then you should get pre-qualified up to the maximum amount that you can regardless the price of the house. For example, if you can get pre-qualified up to a max of $1,000,000 then you know to look for a house for less than this. Its always good to get pre-qualified for as much as you can *before* looking for houses. This way your hopes aren't crushed when you find that perfect house only to find out later that you don't qualify for it.
Just my 2 cents, but to answer your question, YES it does suck.
To me the game, the bullders are playing. Is with in the current or same project the houses go up in prices. An example is the project has forty-five houses to be built. In the first phase of side 9 house the prices are set. In the second phase the next set of houses will cost more than the houses in the first phase.
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