the 3 year plan

Say you bought a great home 3 years ago and you found out if you sell it now you could make a profit of $340,000. Would you do it?

A little more than 3 years ago, my husband and I bought our new construction home from my parent’s production housing company for $360,000. Our home is 3,200 sf in a desirable neighborhood in Richland, Washington. Our home is on a private side-street so hardly any traffic and the layout of our home is awesome! 3 kid bedrooms upstairs, huge primary bedroom with walk in closet, large bonus room upstairs.  Downstairs is an office for me in the front of the home, and in the back of the house is ANOTHER bedroom or office with a full bathroom.   

If we were to list it now, we could at $700,000. This could result in multiple offers and netting more however because there is a very strong seller’s market.

What investment has a return like this?! In 3 years to make $340,000.

So it would be a great time to sell our home. We could find a tiny house to move into and invest the rest of the money. We could find another better house on a bigger lot. We could move to a smaller home and use the profit to invest in a rental property.

Do you know what happened when I proposed this idea to my family? My middle child began to cry.  His best friend Donny lives next door.  My eldest was ok until he found out that might mean a new middle school.  I forgot to say that my husband’s parents also live around the block…. Also, my managing broker lives up the street. Also, my best “mom” friends live next door to me.

Suddenly, this “3-year plan” and financial strategy appeared to look like it would not be feasible.  Our hearts got in the way of our brains.

I guess where I am going with this is: If you don’t have too many hearts in the way, now would be a good time to sell your home.  Let me know if you’d like a market analysis to see how much we could list your home for. Call Lexi 509.222.9612