Prepare and Plan

Selling a home is a major undertaking - before taking the plunge make sure that you've thought it through and are ready to proceed.

Deciding to Sell
Consider your motivations for selling to help determine if you are really ready to part with your current home.

Are you ready to leave your current home?
Moving is a tiring and stressful experience and leaving your home can be emotionally difficult as well - especially if you've lived there for an extended period. Make sure you're really ready to go before you place the property on the market.

Moving Up
Probably the most common reason for selling a home is the need for more space or the desire to move up to more luxurious property. Many homeowners find that increased income - coupled with the appreciation in their current houses - makes moving up a feasible option. This strategy has also proven to be a successful long-term wealth builder as housing prices have generally continued to rise over time.

Financial and Tax Implications of Selling
A home is a major investment, and the decision to sell is one with major financial implications. Is now a good time to sell? Is it a good time to buy another home? Have you considered the tax consequences of the sale?

Selling for Financial Reasons
Many people sell for financial reasons. A reduction in income, added expenses (such as college tuitions), and the need to save or invest more to meet goals are common reasons for moving to a smaller home.

Remodeling vs. Selling
Even if you want more space or more luxurious appointments, there is an option to selling - you can remodel your existing house. Consider our remodeling checklist to help determine if this is your best option.

Selling for Retirees
Retirement is a great time to sell the old family home and purchase something smaller and more convenient. For many people, home equity is a major portion of total savings and net worth. Reinvested home equity can be a major contributor to a post-retirement budget - and help support an active and enjoyable lifestyle.

Sell First or Buy First?
This is one of the biggest questions faced by homeowners - and it's not an easy one to answer. Review our tips for determining which is best for you.

Rent Out Your Old Home Instead of Selling?
If you're moving but are reluctant to sell your old home you may have another option - renting. By renting you may be able to sustain the costs of both your old and new houses. Being a landlord is no picnic, however. Check out our rental guide to get an idea of what is involved.