To Sell or Not to Sell? Looking for options...

[Christopher Eduardo]

Hi everyone,

Our current primary built a good amount of equity. Value 1.3-1.5M with a 496k mortgage with 3.675%. Also, have HELOC for 200k at 10%. I'm curious on what to do next. We only living here for 1 year so there will be some capital gains tax if we sell.

Do we sell now before market loses value? Take whatever cash we can take from it and build another house and possibly get an investment property?

Stay put another year to qualify for tax exemptions but risk the value going down and the unknown conditions a year from now?

Rent and put current home for rent (short term, mid term or long term) don't matter for at least the next year?

Really curious what you guy would do in our situation and or any other options you would do. Thanks a bunch.