Home » how to sell your house » How soon can you sell your house after you buy it?

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1. 

   2-6-12

   Im Rick James says:

   As soon as you can find someone to buy it
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2. 

   2-6-12

   Michael T says:

   No real limit on how soon you sell after buying but

   in some jurisdictions there will be extra taxes involved when you flip houses

   to avoid this extra tax you would have to spend a set time living in the house [2 to 5 years for example ]
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3. 

   2-6-12

   Mom says:

   Commercial Mortgage there is NO time frame
   Primary home mortgage is 3 yrs
   Most home renovators use 100% cash or a Bridge Loan. Which is good for 6 months
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4. 

   2-6-12

   George says:

   In Michigan, it needs to stay in your name for 3 months. Another thing to think about… If you wait until the the taxes are due, you can claim any "green" upgrades you do to the house. New windows, roof, insulation, tank-less water heater… any energy efficient appliances or materials you purchase can be claimed on your taxes.
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5. 

   2-6-12

   johmero says:

   If you are using cash to do property speculation you can sell the property even before it was registered in your name. I’m not sure from which country you are, but usually if you buy a property with a mortgage bond, according to the Usury act the property have to stay registered in your name for at least 180 days in order for the bank to recuperate at least their administration and bond originating fees. you should also keep in mind that you should give the bank 90 days notice that you are about to cancel your bond other wise you will be charged cancellation penalties which is usually equal to 3 months bond installments. If the bond is canceled before the 90 day notice period has expired you will be charged pro – rata because interest on a mortgage bond is charged on n daily basis and capitalized monthly ( only if you gave notice though ) – the 90 day cancellation notice period can form part of the 180 days the bond needs to stay registered in your name. Your best bet would be to get information from the financial institution you are planning to get a home loan from. Also speak to a conveyance attorney about your best bet on which entity you should use to do your dealings in for the best tax purposes – a Trust is usually your best bet. Also get information on capital gains tax.

   Do as much as possible homework before starting with this venture and keep in mind that time really is money when it comes to real estate – you can make allot of money real fast if you know what you are doing, but you can loose even more if you don’t know what exactly you are doing!

   Best of luck I hope you make a killing!
   References :
   http://www.propertyadvertiser.co.za/forum/viewtopic.php?f=74&t=43&sid=2a6cf203a4c3e8bd1b8a11752c8cf61d

   http://www.propertyadvertiser.co.za

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