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Looking to sell - feel stuck

I know I’m probably beating a dead horse right now but the market has me genuinely spooked. Backstory - my wife and I purchased our first home in 2018, refinanced during COVID around 3%. The problem is our growing family. We want to move out of state and into a bigger house. We have two kids, I work from home and genuinely there isn’t enough room in our house anymore. We owe right around $200k on the house and comps in the area over the last year have gone anywhere from $390-$430K with prices starting to fall over the last few months. One of two things needs to happen: rates need to go down (not going to happen) or the market continues to fall because of high interest rates. Regardless, our home will never be worth as much as it is today or was yesterday. I want to get out ASAP and get the equity while I can. Is that a stupid way to think about it? Genuinely if we hadn’t outgrown our home, I would suck it up and stay because our mortgage payment is fantastic right now. My first instinct right now is to get the house on the market ASAP to get our equity, live with family for a few months and regroup and decide if we want to buy or rent (waiting to see if rates come down). Is anyone else in a similar boat and what is your thinking?

submitted by /u/NonVeganRibeye
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source https://www.reddit.com/r/RealEstate/comments/1wthp2s/looking_to_sell_feel_stuck/
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