I recently purchased a home. Is there a waiting period before I can sell it?

There is not.. however if you've had your home for a short time, and you sell your home for a profit, you might have a problem if you go to purchase another home if they think your purchasing as an "owner occupied" but really purchasing in the capacity of an "Investor"... .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

you can sell it any anytime, however the buyer might have a problem wiht financing, there are certain guidelines you will have to stick to, with reagrs to apprasials and providing a manfest of reapirs.Effective January 18, 2013, Fannie Mae and Freddie Mac (which no longer participate in the HAFA Short Sale Program) announced changes to their Short Sale servicing guidelines that significantly impact investor buyers of short sales. Most importantly, Fannie and Freddie are placing restrictions on title transfers post-closing on a Short Sale.In plain language, title transfer primarily refers to sales of property after a short sale closes. Per Fannie and Freddie's new guidelines, buyers of Fannie Mae and Freddie Mac Short Sales are "prohibited from selling the property for any sales price for a period of 30 days from the date of the deed." That means no sale at all, irrespective of the price, for a month after you purchase a Fannie or Freddie Short Sale.Furthermore, buyers of Fannie and Freddie Short Sales are "prohibited from selling the property for a sales price greater than 120% of the short sale price" after 30 days and up until 90 days after closing on their purchase.

As it's already noted here: the buyer is going to have the biggest issues, depending how long it was since the initial purchase. A cash buyer would be your best bet. Again, as already noted here, you will need a strong letter of explanation for why you purchased a home and immediately are selling it. Is it an investment property? Did you put updates into the home?? Are you looking to purchase again immediately afterward?? If so, will that be a primary or investment??? All questions to consider. Feel free to reach out to our website. We have online chat. www.satorimortgage.com

Courtney - In most cases - No there is no waiting period! Andrew

There is no waiting period as far as when you can sell your home. You will want to make sure that you are able to find financing for a new home if you plan on purchasing again immediately after.

No, there is no waiting period before you can sell the home... BUT, there MAY be a waiting period before someone else can get a mortgage on the home. For example, when buying a home with FHA financing, there are special rules if the person selling the home has owned the home for less than 90-days, 90-180 days, or over 180 days. (651) 552-3681 - www.Minneapolis-Mortgage.net

As long as you can prove that it was your intent to live in the property and you can prove something changed if asked by the servicer, you won't have a problem. For example, the utilities, your mail, the property was homesteaded, etc. will prove your intent to live there is you purchased it with a loan that you attested that you will be living there. If you just flipped the property without doing any of the above things for a profit and you purchased with an owner occupied load, they could attest fraud and pursue legal action.Call if I can help, I've been in the industry since 1977. Dave 763.519.1100

You can sell it right away if you wish but you have to be careful for the reasons mentioned above. Also, it will likely costs you money to sell your home to pay for a realtor as well as a portion of the buyers closing costs.

There is no waiting period. I don't see an issue as to what the others are mentioning here unless you have done the same thing in the last 12. Usually you will get a pass on the first one after that you start raising red flags.

There are no legal restrictions, but consider the practical limitations others on the forum have shared.

In a practical sense, there is no waiting period. Two things come to mind, though. First, if you purchased the home as your "primary residence" you benefited from less restrictive underwriting guidelines and more liberal pricing and loan structure. By selling the home in less than a year from the purchase date, may give way to the lender's suspicion of a fraudulent transaction. Secondly, I would recommend that you consult with your accountant. Although I'm not a CPA, I remember running into this myself. If you own a home for less than two years I believe it is considered an investment and not a home. As such, you pay Capital Gains taxes on any profit. Additionally, if you own the home for less than one year, the Capital Gains taxes are even higher. I'd do my research before you sell just to be safe.