
Traditional real estate wisdom says that you shouldn't sell your home until you've lived in it for at least 5 years - but is that still true? Here's what you need to know. Why Should You Wait 5 Years Before You Sell Your Home? Mathematically speaking, most people won't make a profit on selling a home until they've owned it for at least 5 years. When you add up the down payment, interest (and how much of your mortgage payment actually goes to interest rather than the principal) and how big the dent is in what you owe the bank, it usually doesn't make financial sense to sell before hitting … Continue reading...