Is there a time limit to buy a new home after selling?

Long story short: Once I sell my home (primary residence), do I have to reinvest the profits into another home purchase within a given time frame to avoid paying extra taxes (Capital gains, etc)?

I would like to sell this house and rent for a while while I decide where I want to buy and in the hopes that the housing market will cool down. Is there a time limit?

submitted by /u/MindOfAProphet
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Long story short: Once I sell my home (primary residence), do I have to reinvest the profits into another home purchase within a given time frame to avoid paying extra taxes (Capital gains, etc)? I would like to sell this house and rent for a while while I decide where I want to buy and in the hopes that the housing market will cool down. Is there a time limit? submitted by /u/MindOfAProphet [link] [comments]

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