We closed on a house 3 days ago. $250k 6.87% interest. The mortgage is $2200. I had expressed concern of wanting to back out prior but my agent and husband said the standard “think of what you can do with this house” “it’s an investment” “you can refinance later when rates get lower and buyers have to fight for houses.” I want to claw my face off for not going with my gut because I absolutely hate the house.
Idk if it was not getting an offer accepted or the pressure to buy a house and not pay rent, but I signed off on it. The house is livable but super outdated and apparently the roof we had requested to be fixed was never replaced after all. Since we spend more time in the house now than we did when we viewed it, I see more and more issues with it everyday and want to get rid of it. I’ve considered selling it or going through one of those “homes for cash” guys. One said they’d pay 205k for the house as-is, which I know is way less than what we bought it for but it’s quick and I don’t want to deal with the house. I know that if it goes to market, I’d have to pay commission feels also and potentially wait a while for the house to sell, so would it really be worth it?
Idk if anyone else has been in the same situation as me, but I’d appreciate to hear your experience with cash for home programs. Or selling an old fixer upper through an agent.
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source https://www.reddit.com/r/RealEstate/comments/1nhkskf/i_dont_know_what_to_do/
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