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Are you ready to leave?
Moving is stressful! It also tends to be emotional, especially if you’ve lived in your current home for many years. Are you really ready to go?
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Moving Up
One of the most common reasons for selling, and generally considered a successful long-term wealth builder. But are there other options?
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Financial and tax implications
Especially in this area of higher priced homes, it’s important to consider the tax consequences of selling.
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Selling for financial reasons
These commonly include a reduction in income, increased expenses (e.g. college tuitions) and the need to save or invest more to meet goals.
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Remodeling vs. Selling
Will the neighborhood support your improvements? What costs are involved with selling (new mortgage fees, closing costs, moving costs, etc.)?
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Selling for retirees
Kids gone? Too much space? Reinvesting the proceeds from the sale of an appreciated home can significantly improve your post-retirement budget.
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Sell First or Buy First?
Contingency clauses are frowned upon. Can you carry both properties? Are you willing to rent?
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Rent instead of sell
In some circumstances, renting your home may be an alternative to selling. Being a landlord is no picnic, however!
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When is the best time to sell?
If you have no time constraints, market conditions can certainly be a factor. Your REALTOR® is knowledgeable and happy to advise you about your local market conditions.
| Back to Home Selling Process |
| 21
E. Main Street Mendham, NJ 07945 973.543.2552 (office) 973.543.2067 (fax) |
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| Evelyn
McNair, REALTOR®, e-Pro, RECS & SRES 973.984.2978 (home) 973.886.5589 (cell) Evelyn@TeamMcNair.com |
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| Dee
McNair, REALTOR®, CRS, Previews & Historic RE 973.538.2529 (home) 973.879.9284 (cell) Dee@TeamMcNair.com |
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©
2004 Team McNair
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