Why not both?
You continue to struggle with the dilemma of selling and losing that low interest rate you got a few years back while at the same time wanting a home that fits your families more immediate needs.
Do you know what your property would rent for? If it would cash-flow, would that make sense to rent it while you find something else more suitable?
Why not list it for sale and for rent… we would all sell at the right price and if not, the rental would turn your property into an income producing asset! win/win.
The rental market is strong. Even though the inventory is high the DOM has only increased slightly and the average price continues to rise despite the inventory.
Listing a home for sale AND for rent keeps the sellers in the driver seat as they have more options.
Buyers know if they submit a low offer, the seller might just hold off until they get a tenant and sell it later for what they want. It’s a good way to have a much larger audience (buyers and tenants) engaged with your property.
The same goes for a tenant. If you have had thoughts of selling but don’t want to give up that rate, this might be a great option.
