Quote:
Originally Posted by Papa_lecki
It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.
|
I don't believe any homes have been completed in Richmond less than 18-20 months ago. Richmond and surrounding Villages like St John's and Deluna were all completed over 18 months ago.
I also live in that area and have definitely not observed people selling to cash out. The only people that I've seen selling were due to wanting to upsize or an unexpected death.