Information on Selling Your Home

For Homeowners


Selling Your Unit


Below is an outline of the sales process:
  1. Inform the town of your intent to sell. This notice must be in writing and signed by all owners listed on the deed. Click here for downloadable Notice of Intent to Sell.
  2. Provide the town with copies of all receipts for review if you are requesting reimbursement for capital improvements. Please see documents for the capital improvement reimbursement policy and procedure. These receipts must be received by the Town before your Notice of Intent to Sell will be considered complete.
  3. The resale price is calculated in accordance with the formula in your affordability restriction. Generally, it is the purchase price + percentage increase in the area median income from date of purchase to date of sale + a 5% realtor’s fee +50% of cost of capital improvements that are approved by the Town.
  4. After receiving the Notice of Intent to Sell, the town sends a letter (email is sufficient) stating that it has 60 days from the date you list the property, either through a realtor or a front yard "for sale by owner" sign, to find an eligible buyer for your property, providing the maximum resale price, and an explanation of the affordable housing program for you to give to potential buyers. You must inform the town of the date you list the property to start the 60-day clock running.
  5. During the 60 days, the town will arrange times with you or your realtor to show the unit to potential income eligible buyers. After a new buyer is selected, we recommend the current owner retain an attorney to assist with the sale. A purchase and sales agreement is drafted and a closing is scheduled between the owner and the new buyer.
  6. If the town has not been able to locate a buyer within the 60 days, the home may be offered to a non-income qualified buyer at the same maximum resale price. The deed restrictions are not affected by a sale to a non-income qualified buyer. This retains the home in the affordable housing program.
  7. You or your realtor may also try to locate an income qualified buyer during the 60 day period. If you locate a buyer who you think may be income qualified, the buyer’s income will need to be verified by the town’s nonprofit housing partner, the Davidson Housing Coalition. Please see documents for a copy of the application that you can give to a potential buyer.
  8. Send copies of all marketing material (photos, description, etc) that you would like to have included on the town’s resale page.
  9. Units must be free of all possessions and broom-clean at the time of sale. After the closing, the seller no longer has access to the unit.
If you have questions on selling your unit, please contact Cindy Reid at 704-940-9605 or by email.

Resale Homes Available


Summers Walk


Located in the family friendly, beautiful Summers Walk neighborhood. The $75 annual HOA dues include access to an Olympic-size pool, clubhouse, playground and walking trails. Because this property is part of the Town’s affordable housing program, down payment assistance is available from the town.

Bradford


Located close to the intersections of Concord Road, Davidson-Concord Road, and East Rocky River Road. Starting in June 2016, there will be eight single family homes, two duplexes, and two townhomes available. For more information, click here


15903 Rose Glenn Lane



  • Charming 3 bedroom cottage
  • Total square feet: 2,613
  • HOA dues: $75 per year
  • List price: $146,540

01_15912 Rose Glenn La

15912 Rose Glenn Lane   SOLD!


  • 2 bedrooms, 1.5 baths
  • Total square feet: 1,009
  • Corner lot
  • MLS#: 3121712
  • HOA dues: $75 per year
  • List price: $129,000
2015-09-2115911 Rose Glen La Front jpg
15911 Rose Glenn Lane
  • 3 bedrooms, 2.5 baths
  • Total square feet: 1,322
  • MLS #: 315424
  • HOA dues: $75 per year
  • All Davidson schools
  • List price: $149,900
2014-09-3015916Rose_Glenn_Pic.jpg
15916 Rose Glenn Lane (SOLD 7/1/2015 )
  • 2 bedrooms, 2 baths
  • 1,009 square feet
  • 2,178-square-foot lot
  • Built in 2008
  • HOA fee $75 per year
  • $130,000
See photos of the interior.
2014-09-2515947RoseGlenn.jpg
15947 Rose Glenn Lane (SOLD 3/12/2015)
  • 2 bedrooms, 2 bathrooms
  • 1,009 square feet
  • 2,178-square-foot lot
  • Built in 2008
  • HOA fee $75 per year
  • $119,500
See more photos.
Davidson Gateway Drive
2014-09-30322DavidsonGateway.jpg

322 Davidson Gateway Drive (SOLD) 8/5/15


  • Townhouse
  • 2 bedrooms, 2.5 bathrooms
  • 1300 SF
  • Built in 2007
  • HOA fee $95
  • $121,380
See more photos.

For Homeowners


Selling Your Unit


Below is an outline of the sales process:
  1. Inform the town of your intent to sell. This notice must be in writing and signed by all owners listed on the deed. Click here for downloadable Notice of Intent to Sell.
  2. Provide the town with copies of all receipts for review if you are requesting reimbursement for capital improvements. Please see documents for the capital improvement reimbursement policy and procedure. These receipts must be received by the Town before your Notice of Intent to Sell will be considered complete.
  3. The resale price is calculated in accordance with the formula in your affordability restriction. Generally, it is the purchase price + percentage increase in the area median income from date of purchase to date of sale + a 5% realtor’s fee +50% of cost of capital improvements that are approved by the Town.
  4. After receiving the Notice of Intent to Sell, the town sends a letter (email is sufficient) stating that it has 60 days from the date you list the property, either through a realtor or a front yard "for sale by owner" sign, to find an eligible buyer for your property, providing the maximum resale price, and an explanation of the affordable housing program for you to give to potential buyers. You must inform the town of the date you list the property to start the 60-day clock running.
  5. During the 60 days, the town will arrange times with you or your realtor to show the unit to potential income eligible buyers. After a new buyer is selected, we recommend the current owner retain an attorney to assist with the sale. A purchase and sales agreement is drafted and a closing is scheduled between the owner and the new buyer.
  6. If the town has not been able to locate a buyer within the 60 days, the home may be offered to a non-income qualified buyer at the same maximum resale price. The deed restrictions are not affected by a sale to a non-income qualified buyer. This retains the home in the affordable housing program.
  7. You or your realtor may also try to locate an income qualified buyer during the 60 day period. If you locate a buyer who you think may be income qualified, the buyer’s income will need to be verified by the town’s nonprofit housing partner, the Davidson Housing Coalition. Please see documents for a copy of the application that you can give to a potential buyer.
  8. Send copies of all marketing material (photos, description, etc) that you would like to have included on the town’s resale page.
  9. Units must be free of all possessions and broom-clean at the time of sale. After the closing, the seller no longer has access to the unit.
If you have questions on selling your unit, please contact Cindy Reid at 704-940-9605 or by email.