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