What are the reasons for selling your home? There are a million different reasons why people sell their homes, but every seller has one thing in common: the desire to get as much money as possible from their existing residence as quickly and as hassle-free as possible. (If your home is your principal residence, you won't have to pay capital gains tax on any profits from the sale. If, on the other hand, it is an investment property, prepare for the tax man!) Before you begin the selling process, really evaluate why you are moving.
- Do you have too few rooms, or too many?
- Has your job moved to another city and you're relocating?
- Are the neighbors driving you away?
- Or are you simply looking for a change?
A complete analysis of your current position will set a good foundation for your next home hunt.