Let’s say, recently you have been promoted and now your income probably allows you to sell your old house and to move to a new and much better place.

Changes in our career are always followed by great changes in other spheres of your life. Once you start climbing up the career ladder, you start planning and thinking of buying a more spacious property in a better neighborhood and healthier environment. Getting rid of your old house is not that simple and there are a few important things to take into consideration. Most of them are related to finance. You do not want any misunderstandings later on, do you? Below are the four main money moves to do before you finally sell your house. Following these steps will help you avoid numerous problems.

1. Checking your present credit status.
Getting clear on your credit status is your number one priority. Most of us realize that, when we are selling a house we are actually interested in replacing it with a new home. Your mission is to make sure you know and understand it all about your financial obligations. Fixing credit glitches and hitches, paying bills, detecting and fixing possible errors is no doubt better in advance, a few months before you put your house on sale. 

2. Maximum profit – minimum loss
Trying to sell your house without losing anything at all is close to impossible. It will always cost less than when it cost when it was bought by you. Buying a new one, again, will never be cheaper. Rather, it will be even more expensive than you would expect. Your mission here is to try to decrease your loss. An increase in your salary is a good factor, but before selling your current home and buying a new one, think of a few other things, such as how much money you’ll get for your present house and how much you will need to buy a new one. If this question doesn’t bother you, then find out how much cash you will need for your future utilities and property taxes. Insurance also counts. There might be a number of other expenses that are related to selling and buying homes. It’s very likely that moving in will significantly increase your planned and expected expenses.