VegasMike's thread inspired me to see if anyone would have any knowledge or constructive input.
Looking for a bit of strategy. We are closing on our next house next week but the prior owners had requested a rent back until September as they are building. We anticipate listing our current home in late July for a mid September closing.
Would it be good to list soon and request a mid September closing? Or list soon and request a rent back until mid September?
My agent seems to think the original plan is the best way to go and it certainly seems like it to me as prices just keep going up month after month, however, if rates get well into the 6s it has to cool home prices.
The good news is that we will be listing at 65-70% more than we paid for the house 7 years ago and it will sell instantly as there is ridiculously low inventory of homes around here and the area is generally accepted to be recession proof (Madison, WI).
We have great credit, pretty good income and no debt besides the mortgage so we were approved to hold both properties but getting top dollar for our current home is the goal as we stepped up quite a bit in home and location and are going from a 3.0% interest rate to 4.875%.
If it matters, our current home is 1950 sq ft finished, 3 bed, 2.5 bath 2001 house. Can most accurately be called a smaller family home for the area.
Looking for a bit of strategy. We are closing on our next house next week but the prior owners had requested a rent back until September as they are building. We anticipate listing our current home in late July for a mid September closing.
Would it be good to list soon and request a mid September closing? Or list soon and request a rent back until mid September?
My agent seems to think the original plan is the best way to go and it certainly seems like it to me as prices just keep going up month after month, however, if rates get well into the 6s it has to cool home prices.
The good news is that we will be listing at 65-70% more than we paid for the house 7 years ago and it will sell instantly as there is ridiculously low inventory of homes around here and the area is generally accepted to be recession proof (Madison, WI).
We have great credit, pretty good income and no debt besides the mortgage so we were approved to hold both properties but getting top dollar for our current home is the goal as we stepped up quite a bit in home and location and are going from a 3.0% interest rate to 4.875%.
If it matters, our current home is 1950 sq ft finished, 3 bed, 2.5 bath 2001 house. Can most accurately be called a smaller family home for the area.