Remember the day when builders said you could not sell your home? They put a minimum requirement of how many years you needed to live in it? And often times this would not come up until the closing table? Well how about that? They proved to be serious too, by means of putting a lien on the title of the home so it could not be sold with out their knowledge. So let's see.... You buy a home from them, they do not allow you to sell it while real estate is hot... Why? because they did not want YOU to undersell them after they raised their prices... Think about that for a minute. There was no competition for new homes except amongst the builders themselves. Towards the end of the boom it was almost impossible to find a home that was only 1-2 years old because so many people got tied up in not being able to sell them. So you either had to buy a brand new home or one that was at least a few years old. So putting this into perspective, the builders were the only ones able to sell a brand new home and make a profit on it. So the buyer was forced to wait to sell. That means... they had to wait until the market dclined? They had to wait until there was no equity in their home? Before they could consider selling? Well this would be a good conspiracy theory but most of the iiens had clauses where the builder could look at each case individually and allow the buyers to sell their property in the event of a relocation, call to duty, and yes even a hardship.
If you are interested in buying or selling your house in Gilbert, Phoenix, Scottsdale, Mesa or another city or town in Maricopa or Pinal counties, contact Marie Zubkoff at 480.233.7051 or Andrew Walsh 602.527.2639 with US Preferred Realty.Visit us at http://YourGilbertHome.com Thank you!
