What does “seasoning” mean in real estate? – David Reecher
Title seasoning refers to the length of time a homeowner has owned his or her home. Buyers looking to get an FHA loan and putting less than 20% down will be denied financing if the seller of the home they want to buy hasn’t owned it for more than 90 days. This is a result of a HUD law enacted to prevent home flipping, where folks buy homes and try to resell them at a higher price within a few weeks to make a quick profit.