So nsr the optimal way to handle it is to sell today and wait to buy. It would not be fair to doc the seller the cost of renting the home he would live in for a few years as long as his rent was not appreciably larger then his current mortgage.
I also service mainly sellers but also a few buyers as well. I always tell them my opinion with how I feel the market will perform in both the short term and the long run. I work for them and they benefit from my experience and expertise. If they still want a home to live in or rent out after I give them my opinions then it is my duty to find them a home. As much as I try to make sure they can afford the home, that they have a good mortgage that will not drown them in the future, it is ultimately thier own choice.
I had some clients just this spring/summer who wanted to buy in Eastlake. We looked at places for months and months and I tried to tone down thier tastes to a more affordable level then what they wanted. I knew thier income and I knew what they could afford… We lowballed people on 4 different offers over 8 weeks. I went to thier credit union with them, recommended a host of different mortgage brokers… on and on and on… So I don’t hear from them for a week after talking with them almost daily for like 2 months…. Turns out they scorched me and went to an open house and worked directly with the listing agent….They bought a home at full price after it was on the market for only a few days!!! Hey getting scorched is part of my job right? The point is that I was looking out for thier best interest even to the point of possibly being to much of a financial nag to them… So they call me last week saying they need to sell cuz they are to stressed out on thier payments…
