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Amy Smith

Answers by Amy Smith

1 answers · 5 pts

How long should you keep a house before selling?

Asked by Ella | Monroeville, PA | 08-26-2022

Amy Smith
Amy Smith08-28-2022 (3 years ago)

Depends on what your goal and situation is. Are you selling because of life or location change? Are you selling because its not the right house? I am in Austin...if you bought here two years ago it was just starting to get a little crazy. You may do really well! If you bought AFTER the market started being insane you break even if you sold now. If you are needing to move for a job transfer or something you may break even and be ok. If you bought the house for an investment, it may give you the RIO you want. After commissions and capital gains you may be in the red. Talk with a local agent and ask them for a net sheet.