Best answer

12 months

People also ask

  • How long do you need to live in your home?

  • For example, if your home sells for the 2020 median sale price of approximately $263,000, you could expect to pay around $26,000. Taking these costs ?and your home equity ?into account, you檒l probably want to live in it between five and seven years.

  • How soon can you rent a house after buying it?

  • How soon can you rent a house after buying it? As a general rule, lenders assume all owner-occupied transactions come with the intention the homeowner will live in the home for a minimum of 12 months. But there may be qualifying reasons for converting your primary residence to a rental property before a year has elapsed.

  • How long should you stay in a house before moving?

  • Very few houses turn into 渇orever?homes. Fact is, most people who buy a home move on to another residence after a certain time. Per the National Association of Realtors, 10 years is the average length of time a homeowner remains in a house. But that begs a question: What the minimum amount of time you should stay put before moving?

  • How long should you stay in your home before selling?

  • Realtor and real estate attorney Bruce Ailion agrees. 淎s a general rule, a buyer should plan on staying five or more years in a home,?says Ailion. 淎 big reason for this is the transaction costs of selling your home and buying another are high.?Closing costs involved with buying your next home (commonly 3 to 6 percent of that home price).