When a homeowner wants to sell their home, a formula is used to determine the sale price. Essentially, in exchange for buying a home at an affordable price, the homeowner agreed to sell the home at an affordable price. The Resale Formula preserves the affordability for the next income-qualified homebuyer. Notify One Roof of your intent to sell and we’ll get the process underway.
The resale formula gives the One Roof homeowner 100% of your earned equity (the amount you’ve paid down on your mortgage) PLUS 25% of any market equity determined by an independent appraisal at time of sale. Reference Land Lease Article 10 for more about selling your home; 10.11 for the resale formula.