Originally Posted by beemk

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?