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We bought an 1100 sq ft two bedroom co-op in Park Slope in late 2005 for 625K. Redid the bathroom, floors, painted, added backsplash, new floors, a dishwasher to the kitchen. Around 20K worth of work.

We are outgrowing our place (had second child earlier this year). I’d love to get into something bigger but fear selling in this market. A realtor has given us what seems to be a high-ish price for our place, but not sure if it’s realistic or if we’d end up dropping it to get it sold. We need whatever we can get to buy up.

What to do: make it work in the two bedroom until things turn up (knowing it could be 3-5 years) or bail now?