Depends on customs that will vary with each state.

I live in a community/city of all custom homes from 200k-4 million.

The regional ones are usually more customer oriented.

Since the date of occupancy could change; So, I’m looking into possibility of vacant or unoccupied insurance coverage to protect our investment with the correct coverage.Living Area:- 3,800 SqFt.Near a lake but looks to be outside FEMA flood zoneARV: $425,000 - $450,000Previous property Hail damage claim (year 2014): $2,600Insurers Replacement costs: $600,000 (Looks high to me)Personal Property costs: $450,000 (Wow!)

I have personally witnessed an engineer and teacher spouse try to claim real estate professional status and fail even though they had significant time... major stumbling block is 1 hour more than 50% of W2 or 1099 hours.

If you were under contract with no contingencies then there could still be a problem, that being said if you had a solid contract and even if you wanted to back out but they then sold the property to someone else you might have a claim yourself. 

There are also other people claiming it's illegal in every sense. 

However you need to check out the offering document for the details and verify what it is claiming. 

If you tie up the deposit then you’ll have to deal with small claims court.

Within our smallest budget yet we added square footage to the basement, a big third bedroom in the attic and loads of goodies in the kitchen including a custom island we built and quartz countertops we cut!