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[quote=Anonymous][quote=Anonymous]My partner and I bought our first home Dec 2021. We bought a starter home - a townhouse that is quite within our financial means, and wasn’t as intimidating as starting with a SFH (also, had 8 failed offers on SFHs - so figured it was time to pivot).

Fast forward one year and we want to move [insert laugh-cry emoji here].

We’re tired of dealing with the HOA and close neighbors, and we want more space, SFH, etc.
Our current home seems like it will sell at a price that will more than cover what we spent plus closing costs, and then some. We’ve made some smart upgrades and the neighborhood seems to be selling for well over what we bought ours for.

But, we have a low interest rate, and if we sold and bought somewhere new, our rate would jump up, and we wouldn’t be able to afford what we want because of that.

Not enough cash to buy somewhere without selling this place (or investments that are down due to the market), and we want to be rid of this HOA anyway.

Any ideas on what to do?
Currently we’re between:
A) sell this spring, and rent till rates go down 
B) sell this spring and buy [b]somewhere different but not as nice as we want[/b]
C) wait till the fall to sell (bonus, no capital gains tax bc 2 years of ownership) and hope rates fall by then

Thoughts? 
Thanks![/quote]
Don't know what you should do, but don't do the bolded because you already want to leave a place you bought but don't like; don't make the same mistake by buying another place you don't really like. [/quote]

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