One way or another, we all seek the comfort of our own habits – where we get fuel for our car, where we buy our groceries and even where we get our hair cut. Habits are great; they do not require us to analyze or think about the impact of these decisions. We know what we’re getting into.
If only buying or selling a home were so easy. But it’s not. We only do it a handful of times during our lifetime, and the consequences making a bad decision can leave us with wallowing in regret for years. Is your home sale going to maximize all the dollars that you’ve put into the place over the years? Will your new home be worth the debt load you’ll be taking on? Is it really a wise and fiscally responsible investment decision?