Selling my own home (opinions)

[Julio Vazquez]

Hey everyone! Had a quick question about selling my own home

In 2017 we bought my private home for in Virginia Beach $240,000 with a 0 down VA loan with a payoff of $227,000 Since then we renovated the kitchen, added a 4th bedroom and a 3rd bathroom and added a new fence. We are currently rehabbing some minor things such as painting and caulking which should not be more than $500. Though the master bedroom bathroom has some pipe problems which we consider giving a discount for since we do not have money on hand to fix it

So now to the nitty gritty, we estimated we can sell the house for $285,000 to $300,000 by some CMA's we got on the same street and streets around us, we are considering a FSBO not to save money but more or less experience as i go into real estate.

We were thinking to sell the home, with the money we profit from, buy our new home but this time use a down payment, and use the rest of the profit for buying a investment property.

So my questions are

1. Do you think the profit plan is a smart idea? Or should we use all profit for a investment property

2. If we sell for $285,000, how would a section 121 exclusion apply to the sale?

3. Should we try FSBO, or watch and learn from a agent

4. What should we change in your opinion to make it more appealing to the consumer

If anyone would like to connect and talk further, i would greatly appreciate it! I would love to pick your brain on my journey!

Thank you