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Updated almost 4 years ago,
Buying a newly built house from owner recently closed
Hello Experts,
I am seeking your insight into buying a newly built house from an owner who recently closed the property from a builder.
The seller listed this house as a primary residence but never lived there, as soon as he closed the house, he put it on sale.
Looks like the Seller lender is asking for pre-penality charges and would have to wait at least 3 months to sell the property.
I am already in contract to buy this house, not sure if there will be any issues, they are saying if I go through a different lending company than of the seller's lender then closing wouldn't have to be delayed. please let me know if there are any underlying risks or issues with this, that I cannot foresee . I appreciate your inputs.