Selling Home to Buy New One
Wife and I have decided we want to upgrade and get a larger house, more functional layout, closer to daughters future school, etc.
We purchased in 2021 with 2.8 interest rate, paying $3700 per month, house is 1412 sq ft.
Looking at getting $264-225k for the sale, depends what it sells for.
Tricky part is do we sell it, move in with parents or go in with contingency offers? Everyone keeps telling us contingency offers don't get accepted, I believe it to be the case but I'm seeing housing sit for awhile where we are looking. Our home is in a great school district with limited inventory, avg days to sell is 6 days. It's essentially renovated in 2017, we redid back yard in 2024, put in new cement, outdoor kitchen, new lawn, did the roof.
I guess we are finding it hard to sell our home and not find a new one, esp when our payment will be going from $3700 to close to $6400 on a million dollar home.. we are looking in a specific city as well so inventory is going to be really low. Looking for advice. Thanks!