Would selling my house now be a bad idea?

My husband and I really despise where we live. We have been desperately wanting to move for several years now and we finally feel fed up and ready to sell our home. But is right now a bad time to sell?

Our plan is to sell our house and move into my father-in-law’s spare guest house temporarily and begin looking for homes. We can stay a few months there if need be to see if prices fall.

I’m hoping / estimating we will have roughly somewhere between 130k to 150k after the sale of our home to put towards a down payment for our next house

Is this a bad time to sell? Especially that we will be looking to turn around and buy right afterwards. Is this a bad idea due to interest rates?

Any shared thoughts on this would be greatly appreciated!

submitted by /u/CanCan47
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My husband and I really despise where we live. We have been desperately wanting to move for several years now and we finally feel fed up and ready to sell our home. But is right now a bad time to sell? Our plan is to sell our house and move into my father-in-law’s spare guest house temporarily and begin looking for homes. We can stay a few months there if need be to see if prices fall. I’m hoping / estimating we will have roughly somewhere between 130k to 150k after the sale of our home to put towards a down payment for our next house Is this a bad time to sell? Especially that we will be looking to turn around and buy right afterwards. Is this a bad idea due to interest rates? Any shared thoughts on this would be greatly appreciated! submitted by /u/CanCan47 [link] [comments]

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