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Selling your house and buying another takes a great deal of your time and money. The more often you move, the more these costs compound. So, when you choose your next home, choose carefully.
Before setting your mind on living in one specific area or type of property, check out a variety of different areas and housing options that address your needs. As a variation of the famous Socrates' quote, 'The unexamined life is not worth living,' we say, 'You'll probably be less happy in your next home and want to move soon if you haven't explored alternatives before buying.'
- Keep Copies of the Closing and Settlement Papers
- Keep Proof of Improvements and Prior Purchases
- Stash Your Cash in a Good Money Market Fund
- Double-check the Tax Rules for Excluding Tax on Profits
- Remember That Renting Can Be a Fine Strategy
- Reevaluate Your Personal Finances When Things Change
- Don't Simply Rehire Your Listing Agent When You Repurchase
