My clients John and Alice reached out needing to sell after 1 year of owning their current home. I wasn't involved in the purchase of the property, but a few minutes of research quickly showed they paid more than market value. After a year, their equity hadn't risen much and after fees associated with selling, they would actually pay to sell their house.
Question asked: Do you absolutely need to sell in order to buy your next property?
Change made: I explained that in this case, it may be best to consider keeping their property and renting it out instead of selling and paying to move.
Idea Tested: We ultimately decided to list their house for sell and rent. I also am marketing it as an investment property to investors in my network.
Stay tuned for outcome :)