should we move to another house.its more expensive but much nicer.after 6 months we should move again?

Question

please annswer asap

Answer 1

Two things you need to know:

1. If you are asking from the United States, you have to wait two years to avoid higher tax penalties (the "flip tax.")

2. Additionally, your churn costs (closing costs, realtor commissions, etc.) will eat away at any profits or your next egg if you move a lot. It's expensive to move! If you can, try to be satisfied with what you have.

Answer 2

Am I correct in saying you want to move into the new house and then move out of it in 6 months? This may sound like a good idea, but it can be risky depending on the real estate market in your area. You can also end up losing money in the process. You will pay closing costs on the nicer home, plus any down payment for the mortgage. When you go to sell, you would need to make all of that back plus your costs for selling.

Hope this helps.

Answer 3

If you are buying you want to wate 2 years to move that way you dont ahve to pay taxes when you sell.

if you are renting and you can afford it go for it.