How do you back out of a contract from a new build house and get your money back?

Question

The rooms are smaller than the models, and were kinda pissed.

Answer 1

You need to see how long the Cooling Off period is and see if you are still in that time frame.

Otherwise, you may be able to get out of the contract through the product purchased not being the same as the product that was advertised. If this is correct about the bedroom sizes, you should have the upper hand here

Answer 2

If this (the size of the rooms being smaller than the models) breaks the terms of the contract, the contract is void, and you don't have to pay if you don't want to (you should get a lawyer, though). You might even be able to sue for time lost and other damages, but consult a lawyer if that is so. However, if none of the contract terms were broken, you can't do anything because if it is a legal contract, you have to follow it unless both parties agree to nullify the contract. I suggest re-reading the contract.

Answer 3

Get a lawyer and sue. You had 72 hours from the time the contract was signed to cancel.

When we had our house built, we hired an Engineer to compare the Plans against the display model. I paid $300 and found out the display was 300SQ Ft. larger than the Plans, the display had solid Cherry Cabinets, the plans had Pine with Cherry vanier. The model had top of the line Kohler plumbing fixtures, Whirlpool tub, toilet, sinks etc. The plans called for cheap Asian made fixtures.

The price of the house was $195,000, but the house on the plans was only worth $102,000. A $300 cost saved me a $93,000 loss in my house. A lawsuit would have cost me a large chunck of the recovered monies.

I've learned over the years to only trust God. All others I verify.

Answer 4

Have you already closed on the property? If not, most subdivision builder contracts limit their responsibility to the return of the deposit only. Read the fine print in your contract, I bet you did the same.

If you already closed and accepted the property than you are going to need an attorney to rescind the sale based on fraud or mistake of material fact or something to that effect. In Louisiana, the law gives you 3 years from the date of discovery to bring a lawsuit to rescind a sale. Might be different in your state and I wouldn't wait that long.