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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
No matter what, you're going to be hemmoraghing cash for a while. Moving is expensive! Good luck! Where are you now and where do you want to be?

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Thanks so much, everyone.  We're in Chevy Chase DC in a classic 3 BR center hall colonial.  We've done a lot of work - kitchen and 3 bathrooms - so with some fresh paint I'd call it move-in ready, and this neighborhood is always desirable.  We are just ready for something bigger with an open floor plan and family room off the kitchen.  We looked into adding on but it would be $200k, might make ours one of the most expensive on the street (we're on a somewhat busy street so less desirable than elsewhere in the neighborhood) and would still not make this house my dream home.  Maybe I'm delusional, but I think our house would be super-desirable to someone who wanted to get into this neighborhood, didn't want to buy a dump and do a lot of work, and couldn't afford the $1M places on quieter streets.

Anyway, I'll definitely investigate bridge financing more carefully and talk to several agents about how fast this house could move.  More feedback welcome.[/quote]

12:04 again.  Just in case, I would see if you can find a home stager to come in on consult and do a walk-through of your home and comment on areas where they think you need to do some work.  Make sure that you mention that you aren't hiring them to stage, just to advise.  My mother has been a realtor and property manager for over 30 years, she has an interior decorator that she regularly uses for staging and consulting.  The interior decorator often has some very good ideas for home owners that do not require hiring the staging team to do.  Buyers often have relatively little imagination and stagers can help you define spaces easily for buyers to recognize and see, often for relatively little money.  Also, some stagers, knowing what you want, can do wonders with small budgets (I'm talking, like $2K instead of like $5K-$10K).  You'll get a better idea if all you really need to do is slap a coat of paint on it.  For example, I know a friend who renovated a bathroom and then put the home on the market (not immediately) but who had forgotten a couple of "shortcuts" that were taken in the renovation, and should have fixed those shortcuts for not too much money before listing...but didn't.  With the amount of inventory on the rolls right now, you want to have someone check on those things before you list your home.

Also, you definitely are making the better decision.  You will get more bang for your buck moving than in adding an addition.  Big and costly additions that add space (rather than just renovating existing space) are only worthwhile when you cannot move.[/quote]

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