Reply to Question for Realtors/Seller who yanked a house to wait for Spring

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[quote=Anonymous]OP (or anyone else about to own 2 houses), I think you need to look at the big picture.  Unless you want to rent it or keep it as a vacation home, you need to sell House #1.

A few years ago, we also thought we were in the enviable position of being able to buy House #2 before selling #1.  We thought, how great!  We'll do renovations at #2 while continuing to live in #1, and then list #1 after we move, to avoid all that home-selling hassle.

Well.  First, the reno took much longer than expected.  At some point in there, we realized we had to get House #1 on the market anyway.  However, a neighbor at House #1 (with the exact same model), got a job in South Carolina and had to sell ASAP.  He listed 1 week before us, about $25k below what we planned.  We had to match his price, otherwise we had no chance.

We ended up owning both houses for 8 months.  OP (or anyone else about to own 2 houses), imagine something breaking in the now-vacant House #1 that you really need to sell, while you are financially stretched way more than you anticipated.

Never ever ever again.

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