Jay Cannone

Do you lose money when selling a home in Fairfield County? In Fairfield County, most homeowners don't lose money when sellingaEUR"it really depends on how long you've owned the property and how much appreciation you've experienced during that time. As a general rule of thumb, plan to deduct about 6% from your sale price to cover your selling costs. This typically includes: Real estate commission Conveyance taxes Attorney fees Other closing costs and fees So if you've owned your home long enough to build equity through appreciation and mortgage paydown, you'll likely walk away with a profit even after accounting for these costs. The key is understanding that the 6% in selling expenses comes off the top, and anything beyond your original purchase price (plus improvements) and these costs is your gain. The longer you've held the property in Fairfield County's strong real estate market, the more likely you are to see a healthy return on your investment.