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We bought our house a year and a half, and I had to sell and move intended in about 2 years. I did not lose money when. Normally, as long as you have a house before selling the property? What can I do to increase the value of real estate.

2 Thoughts on How long until you sell a house?
  1. Reply
    philospher77
    March 28, 2013 at 3:59 am

    You can sell your house whenever you want. Assume that about 10% of the purchase price is going to go to fees, etc., and then figure out if you will make a profit. Also, if you paid any points to reduce your interest rate, you will effectively have not recouped that cost if you sell within the first 5 years. But right now, a lot depends on what the market is doing in your area. If it has/is still going down in your area, you will lose money if you sell.

  2. Reply
    rmm
    March 28, 2013 at 4:27 am

    To not lose money:
    1) Make sure that the house is worth more than you owe. If the value of the house had dropped, then you can lose (a lot??) of money.

    2) However, if you wait until the value of your house is high, then whatever house you replace it with will probably have a high value as well.

    3) What you pay for in selling/buying fees is a % of the value of the house, so the higher the value, the more you pay.

    Like someone else said, if you paid points to get interest down, that money is lost in a quick sell.

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