Can I sell a house I just bought?

Yes, you can sell a house immediately after you buy it. In most cases though, it's not a good idea. You'll likely lose money because of closing costs and capital gains taxes if you sell too soon after buying. If you need out fast, a better idea might be to rent the house. If you really can't avoid selling, selling with a 1% commission realtor can help you save big on realtor fees.

Is it bad to sell your house after one year?

Unfortunately, selling a house after only owning it for a year can have some nasty financial implications: you'll need to pay capital gains tax if you made any profit, and you'll get hit with another round of closing costs within a single year.

Will I lose money if I sell my house after one year?

Chances are, yes. Most houses don't appreciate in value enough in one year to cover all of the additional closing costs. You also have to consider the big chunk of change capital gains taxes will take out of your profits. If you absolutely can't get around selling, we recommend using a low commission real estate agent to save as much as possible and try to break even.

Mariia Kislitsyna

Contributing Writer

NYC-based and with a master’s degree in strategic management, Mariia has years of experience writing about real estate. You can find her articles in Investor's Business Daily, Forbes, and Yahoo Finance.

Featured Published Articles

Selling a house after one year usually isn't the best choice financially. If you need to sell in a year, though, read on to find out how much it could cost you.
Understanding the nuanced differences between the market value and appraised value of a home can be difficult. Here’s everything you need to know.
Learn what a mortgage is, how it works, and what homebuyers need to know before borrowing. Get clear, simple answers to your top mortgage questions.
Learn the full mortgage loan process—preapproval to underwriting to closing. See how to apply, what documents you need, and how long each step takes.
Buying your first home? Here are 13 valuable home buyer tips to navigate the process like a pro.
Here are the top 55 questions to ask when buying a house to avoid surprises and make a confident, informed purchase decision.

Mariia Kislitsyna

Featured Published Articles

Can You Sell a House After One Year Without Losing?

Appraisal vs Market Value: What Your Home’s Really Worth

What Is a Mortgage? The Basics for Homebuyers

How the Mortgage Loan Process Works (Step-by-Step Guide)

13 First-Time Home Buyer Tips You Need to Know

55 Questions to Ask When Buying a House