Many people buy homes and never think about their exit plan. When you buy, make sure you have one. Unforseen circumstances could cause you to have to sell your home unexpectantly. So when you purchase a home, think about how quickly you would be able to resale the property if needed. Are there things about the house that you don’t mind, but would make it hard to resale? Is it in an area where you could rent the house if you needed to? Usually, if you have to sell quickly, you don’t make much, if any, profit. Generally speaking, real estate is a long term investment. During a great sellers market you might be able to flip a home quickly for profit, but probably not in today’s market.