What is the 5 Year Rule?

Have you ever heard of the 5-year rule in real estate? The unwritten rule states that new homeowners should generally stay put for at least five years before selling their property, or they may risk losing money. Not only does a home typically increase in value, but also, the longer you own it, the more equity you have gained. The more equity you have when you sell, the more money you'll have in your pocket to put down on your next home.

So, if you're a first-time homebuyer feeling discouraged that you can't buy your dream home right now, don't fear. Invest in your new home today, and in just five short years, you will make a gain that brings you closer to your forever home.

If you have any questions about making homeownership a reality, contact one of our agents at Castle Rock Realty today.