Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. 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 almost 13 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Zach T
1
Votes |
6
Posts

Putting house up for sale before 3 year commitment is finished

Zach T
Posted

I bought my house when the $8k tax credit came around. My plan is to sell it and buy a double to rent out. I live in PA if that matters. I need to technically live there until October.

Would I be able hire a realtor and have them start showing the house a few months before hand to get the process started ASAP. I would make sure closing is after the 3 year commitment is complete. The goal being to sell the house asap without having to pay back the tax credit.

Most Popular Reply

User Stats

95
Posts
18
Votes
Mike Morrison
  • Contractor
  • Woodlands, TX
18
Votes |
95
Posts
Mike Morrison
  • Contractor
  • Woodlands, TX
Replied

I just curious, why would you get an agent involved now if you can't sell until October? I mean as an agent my job is to get the property sold asap. Why would I want to spend MONEY marketing your property now, in February if I can't close the deal for 8, count 'em 8 months? I know that doesn't fit your "plan".

GIVE ME A BREAK. Oh, that's right, agents work for FREE. We never incur marketing expenses, must have slipped your mind!

What you are asking of an agent is like me duct taping you to a chair at dinner. Putting your favorite food in front of you and asking you to wait till I get ready for you to eat...

Save some unsuspecting or rookie agent some grief . FSBO!

Loading replies...