Legal Question in Real Estate Law in New Jersey

Re: new home base price dropped

Products go on sale all the time. You bought gas last week and then it went down. Were you ripped off? You bought milk last week and then it went up? Should you pay them the difference? When you buy stock and it goes down, are you "ripped off"? I think you get my point.

The reason you feel ripped off is because of the substantial amount involved. When you bought the house, you made a determination that the price was right and you purchased it. The fact that the market changed and the builder decided to reduce prices does not mean that you were ripped off. Indeed, if the real estate market went crazy and builder increased prices, you'd be celebrating your good fortune!

Keep in mind that this advice is given based on the little bit of information that you have

provided in your question. My advice may change based on other information. Further, no one

can rely on advice from an attorney who has not been retained. You cannot rely on this advice

because we have not personally met and you have not retained me as an attorney. If you have not

already done so, you should immediately meet with a Real Estate attorney for a full consultation

before you take any further steps. You may feel free to call me to discuss this matter in more

detail. If you do so, mention Law Guru and your first one hour of time will be free. Good luck!

Rob Gleaner