This is the second article in a home selling info blog series about how to sell your Northern Virginia home and buy another property. So far we’ve covered Part 1.
Home Selling Info: The Five Year Rule
As a general rule, it is important to try to stay in a home for several years, preferably at least five, before deciding to move. If you do not, you are less likely to make a profit on the sale. While this timeline does vary based on location and how much you paid for your home originally, you usually have to be about five years into paying down your mortgage and allowing property values to appreciate before you’ve made enough progress on the principal to avoid taking a hit.
Interested in more home selling info? Email me at DarrenRobertsonHomes@gmail.com for my free report on the top 5 ways to spruce up your Northern Virginia home before getting ready to sell.
Which Comes First: Buying or Selling?
Buying First:
This works best if you are in an area or time in the market where sellers have minimal options and are anxious to accommodate potential buyers.
Read Part 3 in my home selling info blog series on moving up in Northern Virginia.
Email me at DarrenRobertsonHomes@gmail.com for my free report on the top 5 mistakes that home sellers make in Northern Virginia.