Winter boots, coats, hats and mittens can create chaos when you first walk through the door, but with the right design plan, this area can be clutter-free. Not only will the space look tidy, you will save time and reduce stress when everything is dry and at your fingertips.
1. Decide When to Sell
When lots of people are looking for homes but not many are for sale.
When there are lots of homes for sale and not many people buying them.
This refers to the fact winter sales tend to be slower in most markets while spring sales typically speed up.
2. Managing Your Money
Before the offers start rolling in, be prepared for the large amounts of money that will pass through your hands. However, don’t forget to take these things into consideration:
This refers to using the proceeds from the sale of your home to discharge or pay off your current mortgage. In an open mortgage, you can pay it all off without any penalties. If you have a closed mortgage, be prepared to pay a penalty.
A portable mortgage means you can take your mortgage money with you and buy a new home, without penalty.
Capital gains tax
If you had tenants living in part of your home, such as the basement, you’ll pay capital gains tax on a portion of your profits. You may also owe capital gains tax if you’re selling a vacation or investment property.
Always consult a professional financial advisor before making personal financial decisions.
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