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beemk · 12-11-2006, 08:29 AM

i just made an offer on a property. they said theres a deed restriction and they send me this when i asked about it:

"deed restriction will hinder the Buyer from selling or re-financing the property for more than 120% of the purchase price for the first 3 months. After 3 months Buyer can do whatever he/she wants and deed restriction is lifted. "

does that mean exactly what it says or is there more to it? and why would they even do that in the first place?

12-11-2006, 08:29 AM
beemk CLICK HERE Industry Role: Join Date: Jan 2002 Posts: 20,829	Real Estate Gurus - Question here i just made an offer on a property. they said theres a deed restriction and they send me this when i asked about it: "deed restriction will hinder the Buyer from selling or re-financing the property for more than 120% of the purchase price for the first 3 months. After 3 months Buyer can do whatever he/she wants and deed restriction is lifted. " does that mean exactly what it says or is there more to it? and why would they even do that in the first place? __________________ I host with Vacares