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Did I miss the spring selling window?

Was planning to downsize from an SFH to a townhome because too much of my budget is going to housing (thanks to home insurance and property tax hikes), plus everything else is getting more expensive. The original plan was to close on the new place by the end of March, then put the current home on the market in early April. (I'm in a financial position now that would allow me to buy first, sell second, which would be a sanity-saver as a single parent.)

The war started just after I signed the purchase agreement but before I locked, interest rates rose, and I canceled my purchase agreement. I thought I would wait it out until Spring 2027 and try again. But the housing payment anxiety plagues me. (For the record, I have no other debt besides my current mortgage and live frugally.) There are some builders offering 4.87% in my area, which makes a purchase still feel feasible, but even if I bought today, my current home wouldn't hit the market until early/mid-June. Is this terrible timing? Should I wait it out?

submitted by /u/misfitmpls
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1t0s4t6/did_i_miss_the_spring_selling_window/
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