What's up guys?

Been debating on whether or not I should put my home up for sale, here's the story.

May of 2013, Denver Colorado, we bought a HUD home (1,100 sqft, 3 beds, 1 bath) at 130k.  Took out an FHA loan and put an additional 35k into it.  Replaced entire plumbing and electrical.  Refinished hardwood floors and completely renovated bath and kitchen.  I saved a shit ton of money on contractor costs as I did all the finishing.  Paint, trim, etc.. myself.
 
Late 2014, we thought we'd have enough equity in the home to get out of mortgage insurance.  Sure enough, the appraisal came back and we were sitting on a $230k house.  I was like sweet!!!

Anyway, the way the market is going right now I am confident i could put this guy up on the market and push 260-280 for it.  Obviously the bank won't finance it if an appraisal comes in below that, but people are paying straight cash for homes in Denver right now.

So what do I do?  

1.) Sell the home, take out the cash, use it as a down payment for another home? (Concerned I won't be able to find one at such a good value).
2.) Sell the home, save the cash, rent an apartment and wait for the market to cool down and buy another home?
3.) Don't sell the home, make more money, buy another home, and rent this one?

On a side note.  Finances.  Wife is sitting on a 10k auto loan, I've got about 40k in Federal Student Loans with about 6k left on auto loan.
user
Bought home $130k, put in
assistant
What's up guys?

Been debating on whether or not I should put my home up for sale, here's the story.

May of 2013, Denver Colorado, we bought a HUD home (1,100 sqft, 3 beds, 1 bath) at 130k.  Took out an FHA loan and put an additional 35k into it.  Replaced entire plumbing and electrical.  Refinished hardwood floors and completely renovated bath and kitchen.  I saved a shit ton of money on contractor costs as I did all the finishing.  Paint, trim, etc.. myself.
 
Late 2014, we thought we'd have enough equity in the home to get out of mortgage insurance.  Sure enough, the appraisal came back and we were sitting on a $230k house.  I was like sweet!!!

Anyway, the way the market is going right now I am confident i could put this guy up on the market and push 260-280 for it.  Obviously the bank won't finance it if an appraisal comes in below that, but people are paying straight cash for homes in Denver right now.

So what do I do?  

1.) Sell the home, take out the cash, use it as a down payment for another home? (Concerned I won't be able to find one at such a good value).
2.) Sell the home, save the cash, rent an apartment and wait for the market to cool down and buy another home?
3.) Don't sell the home, make more money, buy another home, and rent this one?

On a side note.  Finances.  Wife is sitting on a 10k auto loan, I've got about 40k in Federal Student Loans with about 6k left on auto loan.
user
Opinions?
assistant