I’m about to expose one of the biggest mistakes buyers and sellers make, and it’s silently costing people tens of thousands of dollars! If you’re buying or selling a home, you need to plan to stay in it for at least five years and probably a lot longer. Don’t ignore this rule. Period. Buying and selling a home isn’t just a lifestyle move; it’s a financial move too. Between the cost of your closing costs, loan fees, moving expenses, agent fees, etc.; its expensive,
PLUS the fact that building equity takes a few years, you will not recoup those costs if you play the short game. Historically, homes appreciate 3-5% a year, so on a $1,000,000 house, that adds to $160K – $276K of equity by year five. That’s your profit, your wealth, and your next move. That’s why the 5-Year Rule matters.
Yes, there are exceptions to the rule, like job relocation, divorce, and emergencies. But unless that’s you, the 5-Year Rule should be your baseline. Real estate is a long game. With over 28 years of experience, I know how to help you succeed in any market. I’m Terry Tucker with eXp Realty. Call or DM me now and let’s map out a strategy that protects your equity, grows your wealth, and puts you in control of your next move.
