Life-of-the-Project "Zero Risk"
Price Guarantee Terms and Conditions
Base Price and Options Package is defined as the total
amount the Buyer pays for the new home. This price combines
base price with all added options. This is the total
Selling Price of the home.
If the Base Price and Options Package for the specific
floor plan falls below the amount established (the “Guaranteed
If the same home with the same floor plan and options
closes escrow by a new original Buyer by the Seller
- Bristol Pacific Homes, Inc. will either :
a) adjust Buyer’s price to match the lowered
Base Price and Options Package if Buyer is in escrow
and escrow has not closed, or
b) issue a check to Buyer for the sum difference between
the Guaranteed Price and the lowered Base Price and
Options Package for that same floor plan and options.
Any payment to Buyer will be made within sixty (60)
days of the close of escrow of the home with the lowered
Base Price and Options Package for that same floor plan
Seller will not compensate the Buyer for any consequential
or actual differential in any Buyer or third party fees,
costs or expenses that may be directly or indirectly
associated with a reduction in Base Price and Options
Package to Buyer.
Buyer acknowledges that this Life-of-the-Project Guarantee
binds Seller personally, is not a covenant running with
any land, and is not binding on mortgagees or other
lien holders in the project where home is located, whether
such succeeding interest occurs by voluntary transfer
or foreclosure and sale to a successor.
Seller provides no advice relating to the tax consequences
of this Life-of-the-Project Price Guarantee. Buyer is
urged to seek the advice of a tax professional for the
potential impact on the Buyers finances in the event
that this Policy is triggered.