Talk of The Villages Florida - View Single Post - Why Are New Homes Resold So Fast?
Thread: Why Are New Homes Resold So Fast?
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Old 12-31-2021, 08:44 AM
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Originally Posted by retiredguy123 View Post
The rule is not new. It has always been one year and it doesn't matter whether or not you paid cash. But, you can add the full cost of upgrades and the real estate commission to the sales price before you calculate the "profit". So, if you paid $300K, and added $50K in upgrades after the sale, you can sell the house for $350K plus the real estate commission. If you sell for more, the difference goes to the developer. This is a contractual agreement that you must agree to with the developer at the closing on a new house.
Why I would NEVER buy new house in villages.