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Updated over 4 years ago,

User Stats

13
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0
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Jacob Hollen
  • New to Real Estate
  • San Jose, CA
0
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13
Posts

Selling owner occupant Fannie Mae property before 1 year

Jacob Hollen
  • New to Real Estate
  • San Jose, CA
Posted

Hi i had bought a Fannie Mae homepath (owner occ.) property with the intention of BRRRR'ing it and ended up getting a lucrative job offer on the other side of the country and it would be more convenient to just sell it as is, I put a Zillow listing up and have multiple offers for 250% of what I had paid for it, and it will be more of a financial strain to complete the rehab than pocket the difference as is, my question being: is there any exception that you can sell a property before the 1 year rule due to having to relocate? Or do the same rules still apply?

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