Baby Boomer Finance – Don't Sell Your Home Unless
Welcome to this weeks edition of Baby Boomer Finance – Don't Sell Your Home Unless
Show Notes:
Consider the cost of selling your home – fees. Now your new home will need to appreciate enough to offset the fees for both sell and buying your new home. That does not usually happen quickly especially in todays market. Projections for the housing market seem to indicate that over the next 7+ years your investment may appreciate enough to cover the fees. So don't sell unless you plan to stay in your new home at least 7 years.
Study the fees before you sell and determine how much appreciation you new home will need to cover them. How long will that take?
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Comments on Baby Boomer Finance – Don't Sell Your Home Unless
This makes great sense..and people would take their homes off the market and the craziness may be helped…Putting your home on the market today is foolish unless you absolutely must do that. Prices have gone down…as we all know…So what is a solution to our economical downturn…Not selling your house that is for sure…author of For Kids 59.99 & Over
Great and simple advice about selling your home. In today's market we certainly need to be cautious and savvy when it comes to our large assets, such as a home.
Thank you for the info.