Is it legal for a new builder to deny sale to someone with multiple homes

[sunflower47]

What is the name of your state? Arizona

We are looking to buy a new home here and are being denied from the builders for the reason that we have 3 rental properties here in the valley. We are willing to sign affidavits of occupancy as we want this to be our primary residence, however nothing seems to matter.

How can this be legal? Because I happen to have some investment property, they can tell me that I can't buy a home there to live in! We feel that our core rights are being taken from us.

Thank you for any information you may have.

 

[HomeGuru]

What is the name of your state? Arizona

We are looking to buy a new home here and are being denied from the builders for the reason that we have 3 rental properties here in the valley. We are willing to sign affidavits of occupancy as we want this to be our primary residence, however nothing seems to matter.

How can this be legal? Because I happen to have some investment property, they can tell me that I can't buy a home there to live in! We feel that our core rights are being taken from us.

Thank you for any information you may have.

**A: please post exactly what is in your offer denial letter.

 

[seniorjudge]

I am unaware of any law in your state which requires someone to sell their property.

If I am incorrect, please post the statute number.

 

[sunflower47]

**A: please post exactly what is in your offer denial letter.

Unfortunately we do not have a denial letter. From what we have been told, you camp out for a lot, put your earnest money down (5%), then when closing time comes around 8mos from start, you have to qualify for the loan. When the other properties come up on our credit report, we will loose our earnest money.

We won't get anything in writing until we are out $13,000. The demand out here is crazy and these developements are trying to keep investors out which is understandable, however, this is madness.

 

[seniorjudge]

When the other properties come up on our credit report, we will loose our earnest money. We won't get anything in writing until we are out $13,000.

Please explain this, quoting exactly from the written document where this information is found.

BTW, you are in a speculator's market and the bubble will soon burst.