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Sell my home or continue to rent?

I purchased a townhouse in 2021, lived there for two years, and started renting it out in 2023. While I lived in the home, I luckily did not have any major repairs, just small things and some cosmetic updates as it was built in the 60’s. However, over this past summer I had to replace the HVAC. Luckily I had enough savings to cover the cost but it has made me realize I do not have the funds to cover another major expense. I would have to get financing or a loan to pay off anything major and I just don’t want to be in that situation.

So I want to be realistic about what to expect if/when I do decide to sell. Real estate websites estimate my home is now worth 30-40k more than I bought it for. Ive never sold a house before but I assume you need to get an actual appraisal before you set a listing price. I want to manage expectations and understand what my potential profit will be, how much taxes I’ll pay for capital gains, what will I pay to the selling agent, etc. I realize I’m not going to get anywhere by just asking reddit but any advice and info is greatly appreciated!

submitted by /u/BrightInformation110
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source https://www.reddit.com/r/RealEstate/comments/1h7zd5r/sell_my_home_or_continue_to_rent/
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