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Closing costs would eat up any gains
https://www.nerdwallet.com/article/mortgages/closing-costs-home-seller
What percentage gain is that
7%
Have you considered selling cost?
Mentor
Where would you move to? If you have to buy that will cancel out any gain.
Also, as someone else mentioned, closing costs are pretty significant. You can probably call your realtor for a better perspective on your situation.
Also, the level of effort doesn't seem worth it for a $20k gain, less closing costs. Do you remember how much time you spent searching for the house than getting the mortgage closed? Are you really that indifferent to your home that you would be okay with moving after 6 months? Personally, I don't think I could be enticed for anything less than $50k.
Edit: And if you aren't buying another home right now, consider the risk of wanting to buy one later when home prices have gone up further or when interest rates have climbed back up.
Subject Expert
Not worth the move. I have properties up 100k in value over last couple years. Some I am keeping because cash flow is great others I am keeping, even though cash flow sucks due to taxes, because I expect a lot of further appreciation in the long run. That’s for rentals.
For primary house - would t easily sell unless I know my next one will also appreciate quickly and is a good value. Each home has been a big part of my investments. I’m at the point now I just want a damn pool and a new house my the prices are absurd. So holding off on that and getting better value one for now.
Alllllll depends on your strategy. What are your goals???