I contacted a realtor at noon. Had a outright cash offer within 1 hour. Countered. Ended up getting above list & above market. Contract for review within 2h. New home build & property contracted in 12h by the clock hours. Shise, is this unusual for the Jotaterhead economy?
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I look at it as "can you sell for at/above market & retain current equity convertying equity to new home, vs a market crash & taking a loss or not being able to sell". My dad lost 50% of his portfolio on '08-09. He never recovered it & his hair grayed over a weekend.
And, it's one of the reasons I've considered it.
However, we all assume we know this is going to happen, and it may very well be different than what we expect.
And plus, if I sell I'd want to build another house, all of which is pretty expensive right now.