I wanted to buy a new home but with the market as it is I had some questions. Question when signing paperwork: "If your price drops on your homes before I take possession of the property will you lower the price of my home also?" Salesperson's answer: It is K. Hov's policy to apply the lower cost to customers if the price drops before closing. I have even seen them do go back to customers and refund money after closing."
While the results on my loan were still being processed they dropped the price on my neighboring homes. The Website reflected all the lower costs for the other homes. Would they honor their agreement to lower my price - no. "You already signed the contract, and the other homes are a sale price." No evidence of a "sale" was listed on the website, just a lower cost. What I was concerned about happened just as I had asked. The thousands I already paid in upgrades they said I would not get back if I pulled out, as well as the thousands in deposit.
If you are buying from this company be sure to get every assurance in writting - they are dishonist!
- A pastor who bought a home across the street from his chuch
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