I need help figuring out a strategy.

[Kyohei Yoshida]

Hello BP nation

There are so many uncertain things when you don't know what you don't know. And I have so many things that I don't know... I need to ask for good advices on my situation.

My father in law has a 3/3 single family home in woodland, CA. I'm not really sure about the deep details. He purchased before the 08'crash for 630k. Now it's worth about 570k. He wants to sell it and buy new house that is about 550k-600k.

My questions are 1) what are the options on selling/possible way of making money on the old house and not lose money? 2) is it wide to buy the new house now? I ask this because I don't want him to lose money again for buying the new house before a possible recession.

Thanks for the advice on advance.

Kyohei