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You've sold your home.. now what?

The pro's and con's of renting and downsizing

CHARLOTTE, N.C. — The housing market in Charlotte is booming. Houses are going for way over asking price, with bidding wars.  So what happens when you sell your home? What do you do next?  Lisa Emory from Compass has a few suggestions.

The average list price in Charlotte is $417,000.  The majority of Emory's sellers are renting before making their next purchase.  They are trying out new venues, like an apartment in uptown. When the market slows down, she says her sellers will have better buying power.

Some sellers are downsizing, but the majority of Emory's clients are going into bigger homes.  She says people are willing to pay the premium. 

Emory says her sellers are hoping this market lasts forever.