For many property investors and speculators, time is the key in a successful and profitable property transaction. Is this legal to sell a house after you have filed a chapter 13 bankruptcy? The Normal Time to Move After Closing on a House. January 26, 2018. I sold my last house two years after purchase and netted more than $30,000 on the deal (my down payment and closing costs considered here). We bought our house on 16th December, and have been here 2 and a bit months now. You may be wondering about the mortgage and is there a penalty for early payoff. You can sell whenever you want. Here's when it's OK to get out. 0. So … Buyers remorse is real. Whatever the reason, you just might find yourself asking, “How soon can I sell this house?”—mere months after you moved in. Unless you’re a professional home flipper, you probably weren’t planning on selling soon after purchase. Without the equity from the sale of your existing home, you are likely to require bridging finance to cover the purchase of your new home. But if you want to minimize your financial losses and maximize your profits, there are a few principles that you want to keep in mind that can help steer you towards a better decision when it comes to buying and selling your house. ... however, we can help to address some things you should think about when selling your home this quickly after purchasing. Buying and selling a home can take a frustratingly long time, but one of the worst aspects is not knowing how long you might be stuck at each stage. The simple answer to this question is that you could immediately sell your house after closing if you really wanted to. It tends to happen after large purchases where a lot can be done to undo the decision. Well, not exactly. The amount of time you wait and how you find the buyer can affect whether you owe your former listing broker a commission. How soon can you sell your house after you buy it? prepayment terms can be 1-3 years. That means you cannot use the short sale as a way to get rid your old house in a declining housing market and buy a comparable house for a lower price. If your house is on the market, don’t squander the cash you’ll pocket after closing. Ask that question of your Lender. If no penalty you are good to go for a sale. These costs include real estate agent commissions, and if you’re selling within one year capital gains tax on top of the normal closing costs associated with selling the house. Well, technically yes. Read these 7 essential steps of selling your house to avoid being overwhelmed. Can I sell my house? The rule of thumb is that if you can, you should occupy your home for approximately 3 years before selling (this doesn’t apply when you are flipping a home for resale). After chapter 7 is discharged, can I sell my house with equity? You can sell a property as soon as you take possession of it at closing. Can I sell and buy a home while in Chapter 13? Selling Your House? Currently, the tax implications of each home are calculated separately. 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