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Reply to "How much cash should I keep on hand if I'm trading up to a bigger house in the next year"
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[quote=Anonymous]I'm thinking of trading up to a more costly house in the next year. We will probably find the house that we want and then sell our house as soon as possible. I have about 600K equity in my current house, which can take care of a down payment in the new house. Also, I have a HELOC that could bridge the down payment on the new home before we sell our current home. I'm looking to buy a house that is around 1.3 million. How much cash should I keep aside for this transaction? Thanks![/quote]
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