Some of you may be asking why am I writing an article about home selling on a website titled House Hunting 101. Well, read on, you’ll see. For those of you who don’t know, there is an internal revenue code which allows homeowners to be exempt from paying taxes on the proceeds of a home they owned and lived in at least 24 of the past 60 months. In short, buy a home, live there for 24 months and sell it and keep all the profit as long as the proceeds don’t exceed $250,000 for a single person or $500,000 for a married couple. There are people who are making a living doing this. They are called serial home sellers and they buy a new house every 24 months, live in it and fix it up and reap the benefits or appreciation and well planned remodeling. In this article about serial home sellers there are 5 basic steps (step #1 being the most important in my opinion) to doing this for a living.

“(1) Buy a sound, well-located house needing cosmetic fix-up work.

(5) Repeat every 24 months. “

There is a lot of information in this article regarding the steps. Go read this article if you’re the type of person who can move every 2 years and enjoy renovating homes. If you’re in the Atlanta area and want to start looking for a house to start you down the road to becoming a serial home seller, contact me using any of the methods on my contact form.