Selling your Dahlonega home when you are buying another

If you are selling a Dahlonega or Lumpkin County home, you are almost certainly buying another one too. This page covers the sale side: what you will net, what to sort out before you list and how to make your sale fit your next purchase.

Start with your net, not the list price

Run the net proceeds calculator with your payoff and the commission you agree. Georgia’s transfer tax is $1 per $1,000, so on a $400,000 sale it is $400. If the gain is large, check the $250,000 or $500,000 home-sale exclusion, which can generally be used only once in two years.

What a buyer’s contract will ask of you

• A due diligence period. Your buyer can walk away for any reason until it ends. Expect inspection requests during it, and do not commit to your own purchase as if the sale were certain until it has passed.
• A closing date that works for you. If you need to stay on after closing, ask for a temporary occupancy agreement as part of the deal. See rent-back after closing.
• Contingent buyers. If your buyer has a home to sell, their offer may come with the Georgia contingency exhibit. Ask whether it gives you a kick-out right to keep marketing the home.

Moving out of Georgia?

Nonresident sellers can face 3 percent state withholding at closing, with exemptions that include a principal residence. Tell the closing attorney early.

Where the market is

The only neutral long-run number is the Census survey: a median owner-estimated value of $307,900 for Lumpkin County (2020-2024). That lags today’s market and says nothing about your street. For a price, ask for a pricing opinion based on recent sales of homes like yours; our market facts page explains what the public numbers can and cannot tell you.

Featured here when you list with us