Charleston · Selling

How does the 90-day ban help home sellers in James Island?

The federal rule sometimes called the 90-day flipping rule blocks FHA financing on a James Island home resold within 90-days of the current owner's purchase date, which protects buyers from paying inflated prices on hastily flipped properties. For a seller who bought recently and wants to resell, it mainly affects which buyers can qualify, not whether the home can be listed. Brian checks the acquisition date before marketing to FHA buyers.

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