I bought my first house back in April. Being naive and just wanting to have something of my own, I overlooked a lot about the location. The house is on a busy main road with non stop traffic. I’d never lived anywhere noisy or busy before so I didn’t know the noise would have such an effect on me.
It’s driven me absolutely insane. On top of adjusting to a new home, my dad who was my best friend died 3 weeks ago. It was extremely traumatic for me the way that he died. I found myself unable to function. I started a new job last week as well, which seems to be a good place to work and serves as a good distraction for me. But my main issue is going home to my house. I get extreme anxiety thinking about having to go back because there’s no peace and quiet in a time I need to grieve. I know it’s my fault for buying it.
I called my old apartment complex and asked if I could rent with them again and the landlord was extremely sympathetic towards my situation and thinks I was a perfect tenant so she gladly accepted me back. My move in date is Friday.
I was a beneficiary of my dad’s bank account and I inherited 90,000 dollars. I have the money to sell it but my problem is that I don’t think anyone will buy the house. I bought it for 184,000 dollars with 3.5 percent down. The area is lower income and the only reason it was that expensive was because it was flipped. I was so enamored with the inside of the house that I overlooked the location.
I regret it everyday. I plan on hiring a lawn service to come by every 2 weeks to keep up with maintenance while it’s on the market. It’s being listed on Friday. I just can’t wait to move into my apartment. I’m actually in a hotel for the night because my mental health was so bad in that house.
I want to do the right thing. I want to pay the mortgage for at least 3 months while it’s on the market, but I have such doubt that anyone will make an offer. I’m debating on defaulting on my mortgage.
I’m under so much stress that it’s hard to think straight. I finally opened up a family member yesterday about my situation and it felt good to just be able to be honest. My credit score is 780 and I’ve always been responsible, but this was a really bad investment on my part.
I’m looking for advice on what to do. It’s hard to envision myself being able to keep up with the maintenance of the house while it’s on the market. It stresses me out to no end. The regret I feel is so deep. People say “it’ll sell, you bought it”, but I don’t think it will. I’d almost rather get started on foreclosure now rather than 3 months from now.
I don’t know, I’m just in such a bad situation and mental state that I don’t know what to do.
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source https://www.reddit.com/r/RealEstate/comments/1dcgk3v/need_advice_on_selling_house/
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