Moving on up to the east side. Sell or rent current home?

[Chris Robner]

I currently own my current home in Anaheim Hills, CA free and clear which current market value is appx $575K. I paid 390K 6-years ago.

I am looking to purchase a larger home for my growing family and looking in the same general area with a budget of $850K

I have $300K cash to put down towards the new mortgage. Do I sell or rent out my current home? Of course the wisest decision financially would be to stay put in my current "paid off" home... but it's getting cramped.