I know of a few buyers who have taken advantage of the Jacksonville real estate market to move up to a larger home given the vast amount of opportunities out there.  I also know of a few who have done it without selling their current properties and are feeling it.  I've been advising people in this situation who are deciding to move up to be sure they have six to eight months of reserves in pocket to handle the "double mortgage" scenario.  Better yet, I advise them to get their current home sold, even if it means making two moves into a rental.  The nuisance of a rental is far better feeling than that of having two mortgages hanging over your head and the sleepless nights that go a long with it.

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