Upgrade our primary residence, sell now , rent and wait to buy?
Hi all,
We have a family with 3 growing boys and feel that our current home needs to be bigger. With the current market, it’s hard to make an offer with contingent to sell our own home. And with COVID-19 situation, people in the city/working from home are also buying houses in the suburb, which is where our current home is, North Andover, Ma, 30 minutes from Boston. Prices in our area seems to be going up because of that. However I think this is just temporary. If the COVID 19 situation continues, companies not making money and potentially has to cut work force, things might be bad soon for the housing market, which will drive the price down, which is then the perfect opportunity for us to buy. So sell now at the highest and buy later? What do you all think? Thanks ahead for your opinions.