Unplanned Sale of New Construction Home
We put a house under contract that was 75% complete. We planned to keep it as a rental, but someone is offering us a really nice price for it (that's a longer story). How can I "buy" the house and turn around and sell it quickly without incurring all of those lender fees. After all, I'm probably going to pay off the loan before the first payment is due. I don't have the total purchase price in cash, so it seems like I would have to take out a really short term loan, or is there a more clever way to do this?