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Old 07-24-2010, 03:36 PM
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Quote:
Originally Posted by graciegirl View Post
You are correct as usual Boomer. It is one year. There is a penalty for selling at a profit in less than one year..

Recently I went to see a home that was up for resale that was a year and some days old. I could not see any appreciable improvements, a pool, etc. The owner had the one year old house for sale for 125K more than he/she paid for it. Not furnished. Yes.You read right. One hundred and twenty five thousand dollars more than it was purchased for.

Hmmmmm.
GG, is it FSBO? Bet seller doesn't get his/her asking price.