What should I watch for in a builder contract?

Builder contracts are often lengthy and heavily favor the builder. Watch for clauses that limit your ability to choose your own lender, inspector, or title company. Check whether the price is fixed or subject to change, and whether upgrades and options are clearly itemized. Look at the completion date and whether there are penalties if the builder is late. Understand what warranties are included, how long they last, and what they cover. Review any arbitration or dispute resolution clauses. Some builders require you to use their preferred lender or offer incentives that tie you in. The contract may differ significantly from the standard Arizona Association of Realtors form. The specifics depend on your situation and a licensed attorney should confirm, and Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a real estate attorney. Jon can connect you with one: text (623) 826-0888.