We discovered it while researching developer contracts and how they vary from standard real estate contracts. And we think it applies every bit to the market here in Austin!
"You may want to have an attorney review all contracts.
Developer contracts favor the developer and are different from standard local real estate board approved contracts. Retain a real estate attorney to review all contracts. There is little wiggle-room once you sign a developers contract, and they don't like home sale contingencies."
Hallelujah, brother! That's just one of the two dozen or so pointers on the site on how not to get screwed when buying new construction... Word up!