So it is likely due to market conditions that if we wanted to buy a house we would need to move quickly and put a bid in. The issue is not being able to sell the current place quickly – the runway is longer. We would need the capital from our current home to put down for any property we buy.
Are there creative financing options out there to consider?
We also have two kids, so moving/renting/ then moving again aren't really an option, adding another wrinkle to the timing issues, e.g. elementary school.
Edit: If it helps, current mortgage is about 600k, market value is 1.6MM, new place would be between 900k-1MM
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