Went to lunch with another buddy I hadn’t seen in a while. He and his wife faced a similar situation of owning a condo and wanting to move up. They listed their place and quickly sold it to an all cash buyer who then leased it back to them while they looked for another property to buy. It worked out and they bought a house…but still, seems risky and I don’t like the idea of being out of the market and hoping/needing a good place to come up for sale in a short period of time.
