Answers by Anna Defrance

“That\'s actually a really good position to be in. A 3.4% rate is amazing, so it makes sense you’d want to think carefully before giving that up. The key question is really how much equity you’ve built and whether it puts you in a strong position for your next home. Since you don’t want to be landlords and you need the funds for the next purchase, selling may make the most sense—but we’d want to look at the numbers first. If your home has appreciated the way many homes have, you may have enough equity to comfortably move into something that better fits your family of four. What I’d suggest is I put together a quick value estimate and show you what selling might look like—what you’d likely net and what price range that puts you in for your next home. That way you can decide if moving now makes sense.”You may have enought down that the interest rate may not big a big issue. ( I honestly did this 3 years ago)

My thought on Zillow They’re decent ballpark numbers For homes currently on the market, Zestimates are often within ~2% of the sale price on average. But they can be way off For off-market homes, they can\'t see the details of your property. They don’t see condition, upgrades, layout quirks, or a bad street—just data. It’s just an algorithm-based estimate, not what buyers will actually pay. What I’d do : Use Zestimate as a starting point Then look at recent comparable sales (comps) in the area If serious: get a real estate agent’s CMA or appraisal

From my experience, usually the first offer has been the best offer. The buyers have been ready and looking, showing you they want it and they are serious. Have your agent ask the realtor questions about how long they have been looking etc.

Hello Kylie, $250k/$500k exclusion only applies if the home was your primary residence for at least 2 of the last 5 years. Since you only lived there 1 year, you likely don’t qualify. So your sale is treated like an investment property → you’ll owe capital gains tax on the profit (sale price − purchase price − improvements − selling costs). Ways to reduce the tax: Increase your cost basis: include renovations, upgrades, closing costs, agent fees. Live in it longer: move back in and meet the 2-year rule to qualify for the exclusion. Maybe consider a 1031 exchange real estate: defer taxes by buying another investment property (strict rules apply). If income is lower in a certain year, sell then to pay a lower tax rate. Best wishe to you!! :)