New Home Builders In Houston
In Houston I wanna buy an investement home but builder contract say I can only buy as Primary or second. WHY?
I want to buy this NEW house from DR HORTON at full price but they say that I can only buy as Primary home or secondary home.
If I buy as secondary home but rent it out, will the builder take any action. DO THEY IMPLEMENT THESE CLAUSES? My agent says that they don’t come back and check.
What is your experience?
This is a small technical thing;
read the deed. IF the verbal restriction is in the deed, he can limit you. It sounds absurd.
However, sometimes, a condo complex, for example, winds up
primarily being owned by out of state
owners and the occupany thus becomes problematical, especially for police.
HOUSES outside of your area, are
also not good long term investments.
IF you want investment advice, I can
offer it to you.
lastly
if a seller verbalizes a restrction to
a propery’s use, it has no meaning.
EVERYTHING in real estate, to be
enforeced in court, must be in writing.
cheers
Lake Ridge Builders Plan 260, 1975 sq. ft. 3 bedroom from 117K, built in Grand Oaks, Houston
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