How long should you plan to live in a house you buy?
Sarah Garza
Updated on March 17, 2026
When you purchase a house, the general rule is that you want to be sure you’ll be in the same location for at least five years. Otherwise, you’re probably going to take a hit financially. The first hit is your closing costs.
Can you buy a house and not live in it?
In closing, it is definitely possible to buy a home in a state you do not currently live in. Your mortgage terms depend on how you intend to occupy the property, your employment situation and where you plan to live on a permanent basis.
What happens when you buy a house as is?
Sellers list their homes for sale as-is when they don’t want to do any repairs before closing. It means there are no guarantees from the seller that everything’s in working condition. If you buy an “as-is” home and later find major problems, you’re responsible for the repairs.
How do I prove my mortgage is primary residence?
Primary residences tend to qualify for the lowest mortgage rates….Primary Residence
- You must live there most of the year.
- It must be a convenient distance from your place of employment.
- You need documentation to prove your residence. You can use your voter registration, tax return, etc.
Can a house be sold as is?
Since California properties are sold “as is,” owners can fortify their positions by offering home warranties on the systems and appliances for a period of one year. The purchase contract does state that all appliances must be in working order as of the contract date, and all smoke alarms be operable.
How long do you have to live in your home before selling it?
The Internal Revenue Service requires that to qualify for the exclusion, a homeowner must have owned the property for two of the last five years and lived in it as his main residence for two of the last five years preceding the date of sale. 2
What happens to a home purchased before marriage?
A home that was purchased prior to the marriage and owned by one spouse is generally considered separate property and is not subject to division.
Where can I find out the history of my house?
To help you in your quest for property knowledge, here are eight ways to find out the history of your house and the land it sits on: Bureau of Land Management, General Land Office. Local assessor’s office. Census records. Local library or historical society archives. Local history books.
Can a potential buyer enter a house that is occupied?
Since these properties are occupied, sometimes legally, it’s important to remember you as the potential buyer will not be able to enter the property or approach the occupants until after you have closed on the home.
