Primary residence - how to capitalize on the market?

Primary residence - how to capitalize on the market?

Huntersville, NC · Member since 2014 · 30 posts · 3 votes

So based on recent comps in my neighborhood, I'm confident my residence will sell at a profit of about 15% from my purchase price- probably more. The neighbor's (similar) house just sold in less than 2 days and the market in my neighborhood is absolutely red-hot. 

My question is: what are some ways to capitalize on the market without also chasing the market on the other end when we re-buy? We've thought about renting, but rent prices are also sky-high for obvious reasons. There's obviously very low inventory in terms of foreclosure/short sales. Does anyone have any 'outside-of-the-box' ideas to help us capitalize on the market while not getting eaten up when we buy our next residence?  

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