My wife and I are getting ready to list our house in CO next week. We expect for it to move rather quickly based on everything. We’re moving back home to TN, but given the market right now would it be wise to rent for a while until the market slows down a bit? Our friend (who is a realtor in TN) has told us horror stories of people offering $150,000 over asking and still losing out. This environment doesn’t interest me at all.
Should we just put our equity in the bank, rent for a few months to a year and then look at buying? Do you expect the market to calm down in a few months or are prices only going to continue to rise and we’ll get priced out? What’s your best guestimate?