Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

470
Posts
599
Votes
Jered Sturm
  • Investor/Syndicator
  • Cincinnati, OH
599
Votes |
470
Posts

I bought a Freddie Mac OO first look house now Kroger wants to buy it (can I sell legally)

Jered Sturm
  • Investor/Syndicator
  • Cincinnati, OH
Posted

My wife and I just bought a Freddie mac home steps house during the owner occupied period. We closed last thursday. I needed about 3 weeks to paint and do some work to the house before moving in, so we have not yet moved in. I have however already signed a lease on my current home to rent it beginning December 1st so i was planning on being in to this new house on or before December 1st.

This evening I had a agent of a commercial developer came knocking on the new properties door while I was doing some painting. He said they would like to make a generous offer of 2 times what I paid for it. after talking to several neighbors this evening I come to find he has been negotiating deals with all surrounding houses. So my question to you is am I legally able to sell it so soon? 

I signed the lengthly owner occupied addendum Freddie mac provided. 

I will be running this through my RE attorney tomorrow, but love to hear the advice of this great community. 

Something to note is I do not have a mortgage on this property. 

Loading replies...