Quote:
Originally Posted by Topspinmo
Villages has/had clause when You buy new home, keep down the flipping. Which probably hurts their sales of new homes? Only thing I can think up for the clause? I think it two years what I’ve read. I didn’t purchase new house and that was 5 years ago. Clause could of changed?
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The rule applies to someone who buys a new house and then sells it within one year. You can sell it for the price you paid, plus the cost for all upgrades you made, plus the real estate commission you pay at closing. If you sell it for more than that, you must pay the excess to the developer. This is an agreement you sign when you buy a new house. But, you can sell the house anytime you want.