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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]And just to be clear, I am talking about moving to a smaller townhouse that is less expensive than our current SFH, not some of the "huge, beautiful" townhouses in the millions that others have referenced. Yes, we are the poors.[/quote] You currently have about 250K in equity on your 600K house. You still owe 350K. If you sell now, you would get 250K- 36K (6% agent fees)= 214K - taxes... How much are you looking to spend on a townhouse?[/quote] There's no cap gains on the sale of a primary residence up to $500k. [/quote] There is deed tax and transfer tax.[/quote]
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