Talk of The Villages Florida - View Single Post - How on earth haven't home prices crashed in the Villages.
Thread: How on earth haven't home prices crashed in the Villages.
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Old 09-29-2022, 10:14 AM
Albany Albany is offline
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Default profit back to the developer??
Quote:
Originally Posted by retiredguy123 View Post
I think you can sell the house, but, if you make a profit after paying the real estate commission and any upgrades, the profit reverts back to the developer. That has been the policy for many years.

The no rental agreement is a relatively new policy.
Well I sold a house in 2015 and made a wonderful profit and believe me not a dime reverted back to the developer. It's nonsensical on the face of it.