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UrbanTurf Reader Asks: Why Do Condo Developments Restrict Re-Sales?

  • June 16th 2009

by Mark Wellborn

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UrbanTurf Reader Asks: Why Do Condo Developments Restrict Re-Sales?: Figure 1

In this week’s installment of UrbanTurf Reader Asks, a reader who has been looking to buy a condo in the DC area wonders why certain developments restrict re-sales within the first few years following the date of settlement:

"I have been looking at condos in DC and the Maryland suburbs for the last six months. I am interested in both large and small developments, but there seem to be many more options in large new buildings in the DC area. What bothers me about these places is that many restrict the owner from putting the unit back on the market for at least two years from the date of settlement.

Is this common, and if so, is there any way around it?"

Post your thoughts in the comments section. If you would like to submit a question for UrbanTurf Reader Asks, send an email to editor@urbanturf.com.

See other articles related to: dclofts, urbanturf reader asks

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/urbanturf_reader_asks_why_do_condo_developments_restrict_resales/1030.

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