keeping investors away from the new housing

[narovsky]

I am trying to buy a new home in development ( as my second home and investmenmt ), but builder is asking to sign paper that I adree don't rent
or sell this house for the next 12 months, otherwise they will buy my house
back for the original selling price??

How legal is that ?

Please advise.

 

[hskm]

I am also looking for some advice on this. I know a lot of people are selling the houses in the area i am trying to buy. How do they get around the contract?