Homebuyers Warned To Watch For Details In Building Contracts

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“Does the builder have the right to cancel? Does the builder have a right to increase the purchase price? Those are things that a buyer should be aware of and understand prior to even going under contract,” said Kreg Wagner, legal counsel for the Utah Association of Realtors.

Wagner said sections of contracts that buyers possibly glossed over in the past are suddenly very important because of the intense competition for available housing in the state.

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