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When Should You Sell Your Home?

Is it time to sell your homeIs it time to sell your home? Most homes aren’t “forever homes,” and the majority of people do sell their home at some point. According the National Association of Realtors, the average homeowner lives in their home for 10 years. But what if you want to sell your home sooner? How soon is too soon?

Of course, when you sell your home is up to you and dependent on many factors. For example, if you have a great new job offer in a faraway city, you may have no choice but to sell your home, even if you’ve lived there for less than a year. But not all reasons to move are that extreme. And the longer you stay in your home, the better, because selling your home too soon can be costly.

Most experts agree that you should stay in your home at least five years before selling it and buying a new one. Why? Because that’s the amount of time it usually takes the average homeowner to recoup many of the initial fees they paid when buying the home, as well as the yearly mortgage costs. You also need to account for the new fees you’ll incur when selling the home, such as real estate commissions and closing costs.

Sell Your HomeAdditionally, if you sell your home too soon, you may have to pay capital gains tax. To avoid capital gains tax, the home you are selling must be your primary residence that you personally live in for a minimum of two of the five years prior to the sale. If you meet this criterion, you can exclude $250,000 ($500,000 for married couples) of your sale’s profit from capital gains tax.

Ultimately, whether you sell your home or stay in it long-term is a very personal decision. Know the facts, and then do what’s best for your unique situation.

Are you ready to sell your home? Or is it time to buy a new home? We can help. Check out our Facebook page for many more real estate tips and information. Have a question you need answered right now? Contact us today!

 

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Welcome

Welcome! We are glad you’re here. We developed this website to give you the most up-to-date Napa Valley real estate listings and the most reliable information for home buyers and sellers.

Not sure where to start? Check out our blog, vlog, and articles for information on buying and selling a home, design and staging tips, and real estate investor information.

Ready to buy? Be sure to browse our current listings.We are eager to show you your next Napa Valley home.

Relocating to the area? Read up on all the great communities that make up Napa Valley.

Welcome! We are glad you’re here. We developed this website to give you the most up-to-date Napa Valley real estate listings and the most reliable information for home buyers and sellers.

Not sure where to start? Check out our blog, vlog, and articles for information on buying and selling a home, design and staging tips, and real estate investor information.

Ready to buy? Be sure to browse our current listings.We are eager to show you your next Napa Valley home.

Relocating to the area? Read up on all the great communities that make up Napa Valley.

Is it time to sell your home? Why not have the #1 real estate team represent you?

We’re sure you have questions. And we are here to help. Contact us for information on anything real estate related.

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About Us

Leading the Pujals team are Jerry and Susan Pujals, who is ranked as the #1 Sales Team for California, Coldwell Banker Brokers of the Valley. Jerry, a Senior Broker, and Real Estate Advisor began his career in real estate with Coldwell Banker Brokers of the Valley in 1997. Susan, a seasoned Real Estate Sales Consultant joined the organization in 2008, which established the formation of The Pujals Team.

Having received national recognition for their performance and many local awards, Jerry and Susan are proud to be affiliated with Coldwell Banker Brokers of the Valley, Napa County’s real estate market leader for more than 20 years.[Read more]

Reviews
“Jerry and his associates are the best! Jerry cares for the individual taking in consideration what the person wants and cares for, making the best choices for you. I truly recommend them because they treat you as family and they make the process so easy for you. They are one of a kind!! We decided...” - Lucy Arreola Read More
“Jerry and Susan Pujals are adept at representing both sellers and buyers in this fast-paced Napa market. We’ve seen their work, both as sellers and buyers, and can affirm they shine in both arenas. The Pujals team just finished helping us through multiple real estate transactions: two homes prepared, listed and sold, and one home...” - Jane Callier Read More