Habitat for Humanity is a non-profit organization that helps families build and own homes at a more affordable price. But what if you find yourself in a situation where you need to sell your Habitat for Humanity home? Can you do it? This article will explore the possibility of selling your Habitat home and what you need to know before doing so.
Can I Really Sell My Habitat for Humanity Home?
Yes, you can sell your Habitat for Humanity home. However, there are restrictions and guidelines that you need to follow. Since Habitat homes are built with the intention of providing affordable housing for families in need, they have specific resale restrictions in place to ensure the home is sold to an eligible buyer. The restrictions vary by location, so it’s important to contact your local Habitat affiliate to learn about the rules in your area.
Exploring the Possibility of Selling Your Habitat Home
Before selling your Habitat home, it’s important to consider why you want to sell it. If you’re facing financial hardship or unforeseen circumstances, you may be able to work with Habitat to find a solution that allows you to keep your home. If selling is the only option, you’ll need to work with Habitat to find an eligible buyer who meets the organization’s income and credit requirements. Habitat may also have the right of first refusal, meaning they have the option to buy the home back before it’s sold to someone else.
What to Know Before Selling Your Habitat for Humanity Home
To sell your Habitat for Humanity home, you’ll need to follow specific guidelines and restrictions. These may include limitations on the resale price, a requirement to contact Habitat before listing the home for sale, and a percentage of the resale price going towards Habitat’s mission. You’ll also need to work with Habitat to find an eligible buyer and ensure the home is in good condition for resale. It’s important to thoroughly understand the guidelines and restrictions before listing your home for sale.
Selling your Habitat for Humanity home is possible, but it’s important to follow the guidelines and restrictions set by the organization to ensure the home is sold to an eligible buyer and at a fair price. If you’re facing financial hardship or unforeseen circumstances, it’s best to work with Habitat to find a solution that allows you to keep your home. Remember to contact your local Habitat affiliate to learn about the specific resale restrictions in your area and to get guidance on the process.