Sell or wait until son finishes school

[Ethan Bennett]

My wife and I renovated our home a few months ago and afterwards she comes to me about selling because the market is moving houses really fast.

We both have perfect credit scores, no debt on my side, she has about 20k left. (We have been following Dave Ramsey for a while).

Our realtor did the figures and we could make around 60k profit from our home.  

We have a few problems however which are keeping us from moving forward.

1. I’m a disabled veteran so moving around a lot from house to apt, or house until we find another can be tough.  

2. Our son is in a good school and has 3 years left until he graduates HS.  Because of this, we would be limited to the areas for the new house.  

3. We just spent about 15k in renovations.  

4.  The area we live in has slowly started going downhill and the neighbors are all getting older.  Most will be 80 in 5/10 years.  We have noticed as one neighbor moves on, others move in and make it bad.  How bad?  We moved here in 2006 and never heard anyone or had problems.  2016 we had a lot of break ins and a shooting on the same street a half block up.  A rims and tires shop has moved into the center at the end of our street(we live in a dead end CLI de sac) and the customers use our street to race up and down and test out the latest back firing exhaust.  


I have been thinking of putting the house up for sale, sell it and move into a nice apt for about six months until we find another location.  We have also talked to the realtor to see if we could do a owner occupied for a new house until ours sells, but that’s not guaranteed.

I’m not sure what to do.  

I just feel of we wait, we will lose out on the profit from the sale.  I also don’t want to think about how this neighborhood will be in 10 years.  

I’m open to suggestions and advice.  Just really confused and would rather not make a decision based on emotions at the moment.