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Should I put my home sale profits into my next down payment?

Using sale proceeds for a larger down payment can reduce your new loan size, monthly payment, and total interest, and may help you avoid mortgage insurance. However, keeping some cash aside for reserves, repairs, and other goals is often wise so you’re not “house rich and cash poor.”

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What are the first financial steps after a successful home sale?

Confirm your net proceeds, pay off any immediate obligations (old mortgage, moving costs), and decide how much to earmark for your next housing move vs other goals. Update your budget, adjust insurance and estate documents, and schedule a check-in with a financial or tax advisor if the sale significantly changed

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What should I leave behind when I sell my home?

Plan to leave attached fixtures (built-in lights, ceiling fans, mounted mirrors), built-in appliances, and anything specifically included in the contract. It’s also courteous to leave manuals, extra filters, matching paint, and leftover tiles or hardware the buyer might need for future repairs.

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How soon can I sell my home after buying it?

You can legally sell anytime, but selling within a year or two can mean higher transaction costs relative to equity and may affect your capital gains exclusion. Lenders and programs may have their own occupancy requirements, so check your loan documents before quickly turning around and selling.?

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How do I cancel utilities and services after closing?

Contact each utility and service provider (power, water, gas, trash, internet) to schedule shutoff or transfer for the day after your move-out or closing. Give them your forwarding address for final bills and, where helpful, leave the buyer a list of providers and account info they’ll need to start service.

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