The most recent MMM on selling it if you wouldn't buy it again hit me right in the gut.
Currently living in a house that is much to large for me and my wife. Don't have any kids yet but that will change in roughly 2 years and we will also probably leave this area in 2 years as well. With those factors in mind I am considering selling my house (FSBO) and hoping to get 265K. Other notes - Currently owe 200K, property tax in 1.2%, HOA fee of $200 per year, house is only 2 years old.
Am considering buying a smaller house only a few streets away for 140K, no HOA, house built in 90's and staying in it at least until we move in 2 years.
I had projected that by making this move we would save roughly 10K over the next 2 years due to significantly lower mortgage and property tax payments - even after all the losses due to selling, loan fees etc.
Am I missing something major? Would I be crazy not to do this?