[CarGuys]

Originally Posted by hotrodgirl

I believe that until you have your design team meeting and give your 20% deposit, you may change your mind and either switch lots, purchase a spec home or a resale that is listed with TV. I actually did switch lots shortly after my initial deposit of 7500.00 solely based of the fact that I liked it better! No hassle, no problem. My agent drew up the necessary papers and all was done via e-mail. I don't believe you need to worry if you wish to change.

If you cannot make your build date and the one year date goes by you forfeit that lot and the money down goes to another lot plus a additional deposit which goes into escrow against the new home. Or correct me if wrong all?

[hotrodgirl]

I believe that is the way my agent explained it to me. You would not lose your initial 7500 unless you decided not to build at all...

[justjim]

We were told by our sales Rep. that if we wanted to change lots prior to building that it would be "no problem". We built in Sanibel. Just a thought-----The developer has a LOT of dirt/sand moved around prior to laying out a Village and some of these so called "sinkholes" could be settling from all the dirt that was moved around. I'm no engineer but common sense tells me that is a real possibility.

[bobdel]

Question on the Sanibel sinkhole. What street/address was this on?

[2 Oldcrabs]

Originally Posted by hotrodgirl

I believe that is the way my agent explained it to me. You would not lose your initial 7500 unless you decided not to build at all...

They will apply your money to another another lot, spec house and I think a resale, if they have the listing. Unless thinks have changed in the last year, NO Refunds. There have been cases where people have starting building and something "happens" medically or back home and people lose their deposit or go to settlement and then put the house up for sale. You will see a few "never lived in" for sale.

[Cedwards38]

Sinkhole in Sanibel? Does anyone know the location (street address) of this Sanibel Sinkhole? Thanks.

[janmcn]

Originally Posted by Cedwards38

Sinkhole in Sanibel? Does anyone know the location (street address) of this Sanibel Sinkhole? Thanks.

According to another thread, the sinkhole was on Fenwick Loop, no lot number mentioned.

[GatorFan]

Will they still sell that lot to another buyer who does not know a sinkhole was on the lot next to it?

[asianthree]

Originally Posted by GatorFan

Will they still sell that lot to another buyer who does not know a sinkhole was on the lot next to it?

good question

[Bogie Shooter]

Question has been asked on other threads.............maybe you can find the answer there.
Sinkholes displace two Villages homeowners

Sanibel - Fenwick Loop Washout? Ground Collapse?

New Sinkhole in St. James on Edenville Path.

Potential buyer with sinkhole suggestion

Sinkhole Photos: Ashland

There are more threads..........enjoy

[buzzy]

Drove by Fenwick today. Sinkhole is filled in on the empty lot, and the spot in the street is filled in and paved over.

[asianthree]

so do you think you can get insurance on that lot?

[bobdel]

Not sure if the location of the Sanibel sink hole was but i would like to know street location. Thanks

[graciegirl]

Originally Posted by GatorFan

Will they still sell that lot to another buyer who does not know a sinkhole was on the lot next to it?

The developers are not dumb nor have I seen any reason to distrust them. They have a solid business based on pleasing the customer and they know how we villagers all communicate.

The answer to your question in my mind is I seriously doubt it , plus they must follow all disclosure laws.

[Opulence]

Originally Posted by jackz

I posted the following yesterday in the Ask Legal and after never hearing back from Legal, I am posting in the general forums so I can hear from other residents.

Would appreciate your input:

Original Post:



--------------------------------------------------------------------------------

We put a deposit on a lot in Sanibel in Sept 2011 and are scheduled to start our build in early Sept 2012.

When we signed our agreement for the lot there was no information about sinkholes in the area as it was new.

Last week a large sinkhole opened up on the lot next to ours.

What is the Delelopers responsibility regarding disclosing this info and any new options to us?

Could we withdraw our offer based on this new information?

Thanks

It's almost 2 weeks since your original post inquiring as to the Developers responsibility RE Sinkholes and Disclosures. Have you had a response back from your agent, whom you mentioned that you contacted regarding same? I certainly hope you have an response back/answer after all this time and ask if you would mind sharing it with the rest of us. Thanks.

Betty