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The more you understand the selling process, the more potential buyers you will attract—which can boost your selling price and facilitate a quick sale. Click a step to learn more.
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Timing
Consider the timing of your sale relative to the market and to your home equity. A slow market may negatively affect your sale. And if your equity is low, you could end up bringing cash to the closing to pay off your lender. The more equity you have in your home, the better equipped you are to cover your sales costs.
Tax consequences
Though capital gains tax laws have relaxed to the point where most Americans don't have to pay tax on real estate profits, you will likely have to pay if you've lived in your home only a short time. Make sure you know where you stand.
Financial impact
It can costs thousands of dollars to sell a property. The less equity you have in the house, the greater the financial hit. It pays to run the numbers before you sell.
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