I recommend you read the Cost VS Value report to see how your plans stack up. If you can't find it online, please feel free to email me at KassieAWelch@gmail.com and I'll send you a copy.
Another thing you may want to consider is what your plans are in five years. Will you be buying again? Interest rates could potentially be much higher which may impact value. If you plan on "moving up" the money in your pocket might better serve you. The decision has many facets to it, not just a simple yes or no, especially since no one can predict the future in five years. Having been a loan officer, underwriter and appraiser in the past, I look at the whole picture. If you'd like a consultation, please let me know.
If the home is in good condition and just needs cosmetics upgrades like new kitchen and bathrooms, typically you will get more money back on the sale of the home. When you have new kitchens and bathrooms you tend to get more buyers interested as this is an emotional purchase.
If both sellers agreed to "X" commission, and one buys the other out, I would argue that you are due the entire commission. As for who pays, the Sellers can work out how that is done. My guess is the purchasing seller should build in half the commission into the price. But that is between the sellers.... more