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Relocating your primary residence
Relocating your primary residence

This article describes selling your primary residence and purchasing a new home.

Nancy Gates avatar
Written by Nancy Gates
Updated over a month ago

As a PlannerPlus member, you can easily model relocating your home to a new state. This is the best option if you plan to purchase another primary residence. State tax modeling will update to your new state at the time of the relocation.

  1. On My Plan > Home & Real Estate, open the "Future changes to primary residence" section

  2. Press "Model a future change to your primary residence"

  3. Select "Relocate" when asked what type of change that you would like to model

  1. Enter the age that the primary user will be at the time of relocation

  2. Select an account for any relevant sale proceeds or down payment

  3. Enter the state of your relocation

  4. Enter the Estimated Purchase Price of the new home in future dollars

  5. Enter the Mortgage Balance, or the amount you intend to borrow

  6. Enter the estimated Interest rate on your Mortgage

  7. Enter the estimated Term on your Mortgage

  8. Make sure to add a one-time expense in My Plan > Expenses and Healthcare for seller's fees and taxes you'll need to pay as a result of this sale. We don’t include these items as we don’t know the cost basis of your home and whether you might qualify for any exclusions.


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