Seasoning rules are implemented by buyers' lenders, so, when you sell to a cash buyer, seasoning isn't part of the equation.
The long standing 90-day seasoning rule for FHA loans has been perenially suspended by HUD for a few years now, but there are strings attached to that suspension. Some of the rules in laymen's terms can be found in a post on this Discussion Forum from earlier this month. You can click here to read that post.
Additionally, lenders may optionally decide to require a certain amount of seasoning even on non-FHA loans. Regardless of the type of loan, if you want to increase your chances of a successful property sale, interviewing your proposed buyer's lender to confirm that they are a local lender with "in house" loan underwriting is a really good idea.
I hope this helps. Happy Investing!
Robin Carriger
President - Accelerated Property Solutions, Inc.
Robin@AcceleratedPropertySolutions.com
817-300-1132 (mobile)
817-581-7520 (office)
