Profile picture for Gainseeker

Planning on activating my Buyback guarantee from the Builder, what do I need to know?

Two years ago I purchased a condo in a declining market because I got a buy back gurantee from the builder. Property values in the neighborhood has since dropped 25%. Since I only need the Condo for another year I was thinking of starting the process with the Builder. Based on the savings it would be worth the premature hassle. Does anyone have any experience with these, and can you advise?

  • October 29 2009 - Tampa
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Answers (3)

Profile picture for Valrico REALTOR
Is there a time limit that the "buy back guarantee" will expire?
  • October 29 2009
  • 0Yes

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Profile picture for Gainseeker
Yes, I have  one year left on my three year agreement.
  • October 30 2009
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Profile picture for Mark LeMenager

Did they ever buy it back?

  • August 10 2011
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