Monday, August 07, 2006

Base Price Adjustment

The original base price of the home was negotatied to be $382,500... based on $170 per square foot. After the architectural drawings were approved and accepted, the builders agreed to bill the additional square footage at 1/2 price ($85 per sq. ft.)... and the following Addendum was drawn up and approved by all parties.

" Because the square footage in the approved architectural drawing is more than the original Purchase and Sale Agreement was negotiated from, the base price of the home will be as follows:
2250 square feet @ $170 per square foot = $382,500
102 additional square feet @ $85 per square foot = $8,670
___________________________________________
2,352 Total square feet @ Total base price of: $391,170 "

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