What to Expect When Selling a House Within a Year of Purchase?
DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not for professional tax advice. If you need assistance navigating the tax implications of selling a house within a year of purchase, HomeLight always encourages you to reach out to your own advisor.
Six months ago you purchased your new home and just finished unpacking. Suddenly, your boss offers you the perfect dream job — in another state! Now you have to repack, sell your house, and move after living there less than a year, facing various financial challenges.
Of course, the biggest question on your mind is: Has the housing market held strong enough to actually see your home appreciate in value so you won’t lose money?
In this post, along with researched data, we’ll share valuable insights from Sherry Wiggs, a top-performing real estate agent from Westchester County, New York. Wiggs is an expert in the industry, working with 70% more single-family homes than the average Yonkers area agent.
