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Can I Sell a Home After Owning It 2 Years? Here Are 8 Things to Consider

HomeLight

Here are a few of the details: Length of time: You must have used the home you are selling as your principal residence for at least two of the five years prior to the date of sale. Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. of the loan amount. Overlap costs (1%-2%).

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Can I Sell a Home After Owning It 1 Year?

HomeLight

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount. Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses.