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Updated over 4 years ago on . Most recent reply

User Stats

80
Posts
53
Votes
Shane Elias-Calles
  • Developer
  • Orange County, CA
53
Votes |
80
Posts

Can I sell my primary residence?

Shane Elias-Calles
  • Developer
  • Orange County, CA
Posted

Hello Everyone,

I recently purchased my first deal with conventional owner-occupied financing. I had planned on living in the home for a year, however now I may have another job offer in a different state. 

My disclosure states that there is no prepayment penalty but also states I must occupy the home for a year.

I have renovated the entire home so it is now worth a lot more than I anticipated. Can I sell the home even though the disclosure says a year? Would I have to prove that I was moving out of state?


Thanks

Shane  

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