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Proceeds vs Profit: How Much Will I Make Selling My House?

HomeLight

During the pandemic years, plunging interest rates were counter-balanced by rising home sales. Interest rates on 30-year fixed-rate mortgages reached their highest since April 2020. Answering this question requires more than subtracting your remaining mortgage loan balance from the sales price. Net proceeds.

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Onto the Next: What to Know Before Selling Your Recently Purchased Home

HomeLight

Or perhaps it is just a seller’s market and selling makes sense, even after a short time.”. Most homeowners purchase a house with the intention of staying put for the long haul. According to statistics from the National Association of Realtors (NAR), the median tenure for American homeowners is 13 years , up three years from 2008.