So in February my wife and I purchased a new construction home. The offer we made in January was accepted as the home was being completed. We got a few design decisions which was nice at first but ended up being a nightmare as the builder wasn’t the easiest person to deal with. We purchased for $275k and put $31k down. We got a one year builders warranty as well as a 2-10.
We’ve lived there since mid February and have used the warranty multiple times. I’m making this brief so I won’t list all the items, but it’s pretty lengthy. Over time we have grown more and more unhappy with the house, the land(1 acre), and dealing with the builder. Well now my wife’s job is moving and doubling her commute which is already pretty bad. So we are really leaning towards selling to save our sanity and to help out her commute.
So between selling fees, capital gains, etc. is there anything we can do to limit our loss? It will really hit hard to lose the whole $31k we put down. Any help would be appreciated. If it helps, we live in Kentucky, the house is still in pristine condition, and we have a realtor friend who says they will waive their selling fees.
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source https://www.reddit.com/r/RealEstate/comments/gtqtie/just_purchased_a_new_construction_and_now_i_need/
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