Market Conditions in 36116>Question Details

Azalie, Other/Just Looking in Montgomery, Ala

If you purchase a home in a new subdivision and because of the home crisis, the owners have stopped building

Asked by Azalie, Montgomery, Ala Sat Aug 2, 2008

and there are only 6 homes on your street where there should be at least 40/50 more,do you have any recourse?

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0 votes Thank Flag Link Mon Jun 11, 2012
You've received two excellent answers . . . what I see is missing is, why and what are your concerns of the lack of building in your community? Knowing your concerns would help.

Keller Williams Realty
Montgomery, Alabama
Visit, http://www.RonSellsAlabama.Com
0 votes Thank Flag Link Mon Jun 11, 2012
Well, I guess you could look at it from the half full perspective or the half empty perspective. At any rate, you should check the documentation you signed when you bought the home. Did the builder guarantee that they would build at any determined rate. In my experience, builders do not lock themselves into any such arrangement. But just to be sure, you could check with a local real estate attorney. My guess, however, is that you will have to wait this one out. But look on the bright side - when the builder starts selling again - you will have equity and the advantage!! Visit my website at Good luck.
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0 votes Thank Flag Link Mon Aug 4, 2008
My gut feel is "No"; however, this sounds too much like a legal question and should be handled by a real estate attorney. Perhaps, if there were certain promises/commitments in writing as part of your purchase & sale agreement that have been unfulfilled by the seller/developer, you may have some ground to stand on. Examples might include a community swimming pool, clubhouse, tennis courts, lawn maintenance, etc. that have not been completed. If you feel strongly on this matter, consult with a trusted real estate attorney in your area - the nominal consulting fee would be worth the piece of mind.
0 votes Thank Flag Link Sat Aug 2, 2008
Vicki Masell…, Real Estate Pro in Duluth, GA
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