My point of view would be that if you move without a new job, then you mayl not be qualified to buy a new home, particularly with the tighter lending guidelines.
So if moving is really important, I would look into perhaps renting out your home.
I agree with Sylvia, discussing your situation with a local Realtor is the best next step. Discuss with them your plans and see what makes sense. Being a landlord is not a bad thing!
With that said, High Point would hate to lose you but you must do what is best for you and your family. The real estate market in High Point is good also, despite the doom and gloom you hear on the news. You didn't mention what types of upgrades/repairs need to be made to your home but the ones that impact your sales price the most are Kitchen remodels and Bathroom rmodels. These will typically net close to 100% return, maybe more depending on the condition of the rest of home.
A viable alternative to repairs is to offer a home warranty which is very affordable. Also, have a pre-listing home inspection and take care of the minor things that will come up anyway. Inspectors will cut you a break sometimes on a pre-listing inspection. If you haven't begun working with a REALTOR, give or e-mail me a call and I will provide you with a free market analysis on your home. No visit required so there's no pressure. We can do it all by phone, mail, and/or e-mail until you are ready to meet and further discuss options.
Even though the NC housing market is a little slow, you will get your home sold at the right price. What that means to you on the purchasing side is, you can purchase more home for less dollars.
So, advice.... screen several agents for listing your home (it's not always about the commission). Find out what the know about your area, their track record, what they will do that other agents will not to get your home sold. If you want, I can refer you to a top notch agent.
Be willing and go forth with repairs and spruce ups... it will pay off in time and money.
Come on over to Charlotte... I will show you around. I may even be able to point you in the right direction for jobs. We will find you a great place to live at the right price and with the right terms.
Call me any time at 980-322-2532....
Queen City Gal
with Coldwell Banker United Realtors
Coldwell Banker Triad
I can't really help you with High Point because that's not where I am.
However, a good thing about being laid off from the job (Both my husband and I had that experience once in our life, a very stressful situation, but there are bright spots) is that you will have time to do the kind of improvement you are thinking about.
A lot of things that you can do to improve your property for sale are probably cosmetics, painting, tiling, change counter tops, adding crown molding, etc. Those are the kind of things you might be able to do if budget is an issue due to lay off or hire somebody to do but you will have time to plan and supervise now.
Whatever the Realtor in your area says about the market, start doing this will allow you to move when the time comes. In the mean time, I am sure you will be able to enjoy your house so much more.