Two years from now I fully expect there to be more sellers putting their homes on the market . I say this because by that time buyers needing to trade up, that purchased at the top of the last market cycle, will have more equity due to the rise in prices happening now. With those new sellers finally entering the market there will be an easing of prices. Prices will still be rising two years from now, but not anywhere near the current pace.
Now here is something else to consider: what will be the condition of your place after being rented for two years? Most tenants are responsible but typically not to the same extent that an owner living in their home would be. You may need to put some money into your loft to get it ready to sell. If the tenants have moved out in two years you will most likely have to paint as well as have the place staged.
Hope this helps!
As a real estate agent, I love for you to sell but I always tell my seller that if they don't need to sell, it is better to wait. You may not see better in 2 years but I doubt you will see worse!
For tax purposes we would need to sell within three years, so we thought we'd get that commercial lease for two years and then we'd have a year in which to sell. We don't need the proceeds to buy our next primary residence, that's why we have this dilemma. The property is a loft in the Kendall Square area, currently said to be undergoing a commercial boom with Google and Microsoft having just moved their Boston headquarters here.
One thought (not meant to sway your decision in any way): Real estate is illiquid (not easily sold like stocks). If you wait for two years (and you have a deadline in which you need to sell (1031 exchange as an example), you may have problems down the road selling in the timeframe necessary. Given that you have a ready, willing, and able buyer now, you may wish to think long and hard before making a decision.
Nobody can predict what will happen in the market, but if I had to wager a guess, I'd say the market may remain flat (as a generality, since I don't work inyour specific market). Best recommendation would come from someone in your specific market area. Just my $0.02