Selling your house to pay off debt isn’t always the best choice, but it can be a powerful financial tool if approached with the right strategy. Start by assessing how much the sale will yield. Calculate the impact on your debt and whether there will be enough left for a new downpayment. Consulting with a realtor can give you a clear picture of your home’s value and expected net profit.
Next, think through your next housing move. Before listing, explore your living options to ensure any new expenses align with your financial goals. Lastly, acknowledge the emotional weight of selling a home. For many, it’s more than just a property—it’s filled with memories and comfort. Recognizing this emotional factor can help you work through it with intention and move forward confidently.
Comments
Download this infographic.