13342315, This involves risk - and maybe you don't like risk?
Posted by handle, Wed Aug-07-19 11:40 AM
>Any regrets when selling a home?
>
>The Charlotte market is pretty strong. I know this means we
>would buy in a strong market but we can wipe out debt, have a
>little cushion and have a nice down payment.
I've never sold my condo (first home) but I've though of it several times.
What it came down for me is this: Selling my condo and using that money to get a house I want would involve my risk increasing - meaning I pay more each month out of pocket - and it wasn't for me.
If I had a big house and wanted to move into a condo the equation would be different - but any house you want to buy now has appreciated the same or more as your own property.
That's the question: How much risk are you willing to take right now?
Because selling NOW and hoping for a downturn seems very logical - but there's no guarantee it'll work out how you plan.
Maybe wiping out your debts is worth it for you?
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