Skip to main content

Would taking a loss of 10-15k worth it, if we sell?

Pretty much, it was our first time buying. We bought 3 yrs ago, got it for 675k. Put 20 percent down, plus closing costs 17k. Long story short, our realtor pretty much pushed us into this place. Felt very rushed and it didn’t help that our current living situation at the time was toxic. The home has foundation issues. It’s my fault obviously for not reading the disclosures properly. However, the realtor sent over 3, 200-300 page documents and said “read them and lmk if you have any questions”. I didn’t know wtf I was really supposed to look for or ask questions about.

Anyway, I want out of the town house and I know if we try to sell, we’ll probably be selling for what we got it for or maybe less. I’m prepared to lose 10-15k, if it gets us out. (There’s nothing wrong with the home. I just wanna get ahead of the foundation issue before it worsens or the HOA does some special assessment).

Or would it be a better idea to just stick it out and try to sell in another year or two? Any advice would be appreciated.

submitted by /u/Manre831
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1qh3q6t/would_taking_a_loss_of_1015k_worth_it_if_we_sell/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/