[FLUFFY]

Can anyone tell me who to contact when you have a hardship during the one year no sale period? Has anyone ever sold during the first year? I would like to find out how it was handled.

[skyc6]

Originally Posted by FLUFFY

Can anyone tell me who to contact when you have a hardship during the one year no sale period? Has anyone ever sold during the first year? I would like to find out how it was handled.

What about contacting tour realtor? I think you can sell, but just not make a profit. Upgrades you have made with documentation can be claimed, I think.

[Flyinglady]

Originally Posted by skyc6

What about contacting tour realtor? I think you can sell, but just not make a profit. Upgrades you have made with documentation can be claimed, I think.

That's how it was explained to us when we signed for our house. Pop in to the sales office or call them I'm sure someone will be able to help you.

[justjim]

Obviously, if you don't plan to try and make a profit on your house you have no problem with the Developer. This clause (I understand) was put into the contract to keep investors from "flipping" new houses in TV.

The clause does not keep you from selling your home the first year because of a hardship.

[graciegirl]

It certainly does not keep you from selling your home. We had an absolutely heartbreaking thing happen to one of our neighbors. We had met this lovely couple at our village Christmas Party and they were very excited about building a new home in our village and moving here from out west. Their house was completed and they arrived on Monday with their furniture and he died of a heart attack on Thursday.

She had just been diagnosed with Alzheimers and so their children came and put the house up for sale and it sold quickly.

It was listed for quite a bit more than it cost originally but that could have been the realtors percentage figured in.

You NEVER know. You never know. Today is the day to enjoy life to the fullest.

[Lynn222]

I just sold my patio villa in Buttonwood in 24 hours without a realtor.

[DianeM]

You CAN sell your house within the first year. You just cannot make a profit. You can claim any improvements you made and you will get that money back. You can put it out there at a higher price than purchase to cover the commission and closing costs. In addition, hardship has nothing to do with selling the house. If you want to sell it, for whatever reason, you can.

[LndLocked]

Exactly who is it that monitors the amount of time from purchase to resell??

Why is it a wonderful thing for "The Developer" to build one in a matter of months and not ok for someone to buy, up grade and resell in a matter of months?

[CFrance]

No one said it was wonderful thing. As posted before, the idea is to keep house flippers away. Developer's land, developer's rules. I think this rule is a good one!

[senior citizen]

Originally Posted by FLUFFY

Can anyone tell me who to contact when you have a hardship during the one year no sale period? Has anyone ever sold during the first year? I would like to find out how it was handled.

First and foremost, best of luck to you in your predicament.
What exactly is this "one year no sale period"..????????????
I've never heard nor read of it. I think it's something we should know.

We bought a sold a condo on the Gulf Coast of Florida very quickly.

Bought it after moving down at Christmas time (no room at the inn time with all the snowbirds; not much to rent while searching for our residence)
The year was 1994....end of year.

Remodeled it top to bottom. Moved in during the month of February.
Decided to sell it; moved back to Vermont April 1st due to my mom's diagnosis of Alzheimers (to get her back to her support system and mine).

So, January to end of March? Believe me, that condo on the beach had stringent rules.......but they never prohibited us from selling it.

I'd like to know the details before we buy in THE VILLAGES.

Thank you in advance........

[LndLocked]

Originally Posted by CFrance

No one said it was wonderful thing. As posted before, the idea is to keep house flippers away. Developer's land, developer's rules. I think this rule is a good one!

Why??

[CFrance]

SC, the details are exactly what the above posters have said. They've covered it all.

[bike42]

Originally Posted by senior citizen

What exactly is this "one year no sale period"..????????????
I've never heard nor read of it. I think it's something we should know.
. . . I'd like to know the details before we buy in THE VILLAGES.

It's clearly stated in the deed restrictions on all new homes and most of the older ones. To read the deed restrictions on any neighborhood you are looking in, go to the district.gov website Village Community Development Districts and use the "How Do I? " section.

[graciegirl]

Originally Posted by senior citizen

First and foremost, best of luck to you in your predicament.
What exactly is this "one year no sale period"..????????????
I've never heard nor read of it. I think it's something we should know.

We bought a sold a condo on the Gulf Coast of Florida very quickly.

Bought it after moving down at Christmas time (no room at the inn time with all the snowbirds; not much to rent while searching for our residence)
The year was 1994....end of year.

Remodeled it top to bottom. Moved in during the month of February.
Decided to sell it; moved back to Vermont April 1st due to my mom's diagnosis of Alzheimers (to get her back to her support system and mine).

So, January to end of March? Believe me, that condo on the beach had stringent rules.......but they never prohibited us from selling it.

I'd like to know the details before we buy in THE VILLAGES.

Thank you in advance........

I think it is just new homes and it is to keep people from coming in and buying a home and reselling it right away for a big profit, i.e. "flipping". There is someone who has done this with more than three anyway, Premier Homes.. Not sold them immediately, but buys a NEW Premier, furnishes it with nice stuff including a baby picture on the wall to die for, and then putting them up for sale one year to the date for a very handsome profit. I know this because when we were looking for our year 'round home when we were in our snowbird home in Hadley, we went to a lot of fairly new resale Premiers and the furnishings rang a bell and the villages rep told us that is what what being done when I questioned.

[CFrance]

Originally Posted by graciegirl

It is ONLY on NEW HOMES and it is to keep people from coming in and buying a home and reselling it right away for a big profit, i.e. "flipping". There is someone who has done this with more than three anyway, Premier Homes.. Not sold them immediately, but buys a NEW Premier, furnishes it with nice stuff including a baby picture on the wall to die for, and then putting them up for sale one year to the date for a very handsome profit. I know this because when we were looking for our year 'round home when we were in our snowbird home in Hadley, we went to a lot of fairly new resale Premiers and the furnishings rang a bell and the villages rep told us that is what what being done when I questioned.

I know neighbors who bought a new home in Mission Hills to rent and wanted to buy two new ones and they were told that they could only buy one new home in a certain period. It is obvious to me that this place represents a huge opportunity for off site landlords to buy a bunch of homes and rent them out for a business, for some reason, I don't like that a whole lot. I wish this whole place was owned by people who lived here and maybe could buy two or three homes, but I just hate the concept of off site landlords who don't CARE about this place like we do.

This is a community, not a resort.