You are not selling a second home, you are selling your primary residence. A second home would indicate you have two homes in your name. One would be listed as your primary place to live and the other would be a place you would go to for a bout 2-3 months out of the year and perhaps rent it out for the rest of the year.

You may sell your house any time you so desire. You will probability lose financially unless you purchased the townhouse below market and inherited equity in the purchase of the town home.



In the sale of the town home you would be required to pay the real estate commission, back taxes, if any are owed.

You may purchase as many houses as you want over a period of time, or all at one time. There is no limit as to the number of houses you are able to own. Many investors own 25 rental houses and more.Some of these investors buy 5-10 houses per month. Of course they purchase for different reasons.

Not may are in your situation, most individuals would check the area by obtaining police reports of the area in which they would like to purchase a property, have an over night surveillance of the property on a week night and weekend night to see if there are unsavory individuals hanging outside the property or on the blocks surrounding the property.

As long as you are able to qualify for a mortgage loan financially you may purchase any property you so desire. You are not hurt by selling and buying properties. Financially qualifying for a mortgage loan is the key to the purchase of property.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Basically, I sold my townhome about 5 months ago. I bought a home that I have only been living in for about 2 months. I have learned I hate the area and want to leave. Also, they have a lot of bugs in this location. Would I be able to sell again? If I sell again, does this hurt my chances to buy another property in the future? Right now I don't want to buy anything else. I just want to get out of here. Unfortunately, I can't rent it. The HOA makes you wait 2 years before renting. Any advice or anyone else been in a similar situation?

There will be no problem selling it, regarding getting another loan later.

If it was a short sale, there may have been some language to prevent flippers from reselling, but this would only be in efect if you are selling for way more than you bought it for. I imagine you are selling for approx the smae price, so you should be fine. Sell it nad be on your way. Good luck to you!

seller pays 6% commission...so there is some loss...then you have to disclose bugs...

No it doesn't matter how long you own a property and sell it - just more costs to you for loans and closing on a new home.

you can't live there any longer