Best of luck with your sale.
The real issue is are you ready to have a net loss. You have not had time to recoup any improvements, closing costs, and the commission you will have to pay to sell using an agent. Historically, agents have revalue units up 12% every spring, but the market had not been typical since 2009.
Also, make sure you do not have a pre-payment penalty in your loan. You may need to hold onto the property for some any years due to your mortgage or pay to get out. You have some homework to do.
Thanks for posting and although I'm not the first person to respond I hope you still consider my response. Couple things. Depending on what your place is like, its location, its size, its layout, the finishes, etc. your property may be very easy to sell as 2014's inventory is even lower than what it was in 2013. The buyer pool is also extremely strong right now - I was at my listing's open house this past Saturday and almost every buyer who came in said that day was their first time looking at properties. Larger, more updated units in great locations generally sell quickly if you price it correctly. In the end, I would need to physically view your home in order to offer pricing due to there being a lot of sold comparable properties in your neighborhood.
In regards to your last question everyone's situation is different so it's my opinion that only living in a place for 1 year wouldn't phase me. I bought a condo in 2012 and flipped it in 2013 because I could make good money off of it. I bought a new condo in Dec 2013 and am planning to list it in March 2014 so, again, living in a home for only a year shouldn't phase anyone and if I was working as your list agent and a prospective buyer brought up that thought I would easily be able to bring them back to reality.
To move forward message or call me so we can set up a time this week to meet at your home so I can create a custom market analysis for you and I can then discuss what I can offer for marketing.
3101 N. Greenview Avenue | Chicago, IL 60657
309-269-3499 CELL | 773-305-0480 FAX
Best of success, ------Annette Lawrence, Broker/Associate Remax Realtec Group, -------- Palm Harbor, FL------ 727.420.4041 ------http://FIrstLookHomes.us.