Quote:
Originally Posted by Psycho_x
They put that inplace so you can't purchase the property and immediately flip it to another buyer. This is actually common . Some buyers will purchase properties and already have a buyer lined up. This is to keep you from swinging an immediate profite which could limit the present owners profits on this property. And keep you from making the buck instead of them.
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that makes pretty good sense, i was planning on fixing it up and renting it out anyway. the house needs tons of work so it will take 3 months to even fix it up. i guess what i'll do is accept the offer with the deed restriction and if they accept ill talk to an attorney first then if it doesnt work i'll use the private inspection contingency to back out if i need to.