Large change in the market in coming months?

[Sam Harover]

Selling an out of state investment. Won’t get into too many of the details here, but essentially own a house 600 miles away and will be selling it to buy something locally, probably a duplex, that I can live in and rent out.

Tenants lease ends Nov 30th. She wants to buy the house, asked if we could extend the lease to February for her to try and get approved for a loan. I’d say it’s a 50/50 shot she gets approved?

I have no issue with it, as I don’t expect to buy anything locally for at least a year, wouldn’t change my plans at all. If we gave her until February and she didn’t get approved, also not a horrible situation, we could just put it on the market then. My only concern is could the house value drop drastically by then? Are there any signs of the market cooling off in the next few months, and do I need to sell the house sooner rather than later?