re: Every time I passed on a real estate purchase because the price was too high...

Bought my 4200 sf home in 2012 for $249k. The original owners had bought it for $289 new in 2007. It was the model home in a neighborhood that only had 10 custom homes built before the builder folded. Refinanced to a 2.25 rate a couple of years ago and changed to a 15 year term. I pay around $2400 a month and have 13 years to go but plan to pay off in 10. It appraised at $520k in March of this year. I don’t need the size of the house any longer as 2 of my kids have left and recently graduated from college but still don’t plan on selling. I am going to get my other 2 kids out of HS (5 years to go) and then sell and just buy a small 3 bedroom one story in the Florida panhandle and pay cash for it.