A home purchase is not something that happens over night, did you only decide you hated the house after you bought it? I have to ask, what's wrong with the house?
Many problems, bad neighbors, bad person experience, bad house? It really is important to know, any buyer will ask so expect to answer (honestly).
If at all possible, I would have to suggest not selling so quickly unless you got it at a really good price and could possibly get your money back + commissions. In most cases a bank will not allow you to sell, actually will not allow the buyer to buy a home that was just purchased for a higher amount than it was just purchased for unless the seller can prove they purchased it "under" market value or made improvements and have receipts to prove it.
Most banks will also require at least a month or two to pass before you can resell, once again I'm talking about the buyers bank before they will approve a loan for such a house.
I'm sorry you bought a home you didn't like but if you hate it this bad, this soon you had to know before actually closing right?
Either way, Good Luck...
I too hate the house I bought, house okay, but the neighborhood really gets on my nerves. We have an HOA, I received the Restrictions at closing. But there is no board of directors, no dues are being collected and so it seems that everyone does what they want to. I would like to reactivate the Restrictions but can't find the bylaws and no one in the neighborhood wants them reactivated. I gave up a house that was virtually paid for thinking that I was moving up because the neighbor I sold in was being crime ridden. Boy was I wrong - I hate my house so much and I'm driving my husband nuts with my complaining. I dislike my neighbors and their chickens, which according to the covenants they are not allowed. I too am crying - I want so bad to sell the house but I would loose $20k and I cannot justify that much of a loss so I'm stuck and it is the most frustrating and a sickening feeling.
I really, really hate my house - and I'm a smart woman, bought and sold real estate many times and this is the first house I have ever owned that I have such a passionate dislike for.
The second house we sold the same thing happened.
Why not sell if you really do not like it. It's better for you to have the right home.
There is a certain monetary cost involved in changing properties. If this does not bother you than you are free to get something that works better for you.
To those that have bought, I recommend taking a step back and remembering what caused you to buy the home in the first place. It sounds like more than a few were influenced by the tax credit. I had a buyer who was close to a similar experience - as the deadline approached, very thoughtful and measured review was turning into rapid fire decisions and offers on anything remotely close to a fit. The buyer missed the deadline and felt badly at the time - in hindsight it was lucky indeed. Prices continued to decline AND interest rates did as well - the combination of the two more than made up for the tax credit savings. When we went out for our first house shopping trip after, it was clear that everything we were seeing then was better than anything we saw at the end when the near frenzy of home buying had depleted inventory choices.
I suspect there are more than a few stories like yours out there. My suggestion is to remember what motivated you to buy the home in the first place and if those things still make sense to you, carry on. It may take some time, but I am optimistic that today's buyers will build equity in time. If they do not make sense, then crunch the numbers and if a change can be justified - ie, doe not deteriorate your situation more than the status quo, consider making a change.
Good luck to you all,
Unwavering Commitment to Service
But if you're crying every day, based on how unhappy you are with the house you purchased, I think you would be insane to stay! (of course, be prepared to lose some money).
As you know, most buyers or their agents will have access to the public records indicating exactly what you paid for the property and, of course, they would be unwilling to pay more within such a short timeframe. Also, some potential buyers would tend to wonder why you are selling the property so quickly. They might jump to the conclusion that there is something wrong with the property and shy away from it as a result. Thus, be prepared to provide a reasonable answer as to why you are selling so quickly. You may have to accept less than what you paid depending on the market conditions. In my area, anyway, most buyers are looking to get a good deal. Your agent can provide you with more specifics regarding the costs to sell your home.
If you donâ€™t want to take a loss, your best bet is to try and remedy the situation by adjusting to what you like and what you donâ€™t like. Try to improve what you donâ€™t like without spending a lot of money. If your dislikes are cosmetic perhaps an interior decorator or home stager can help improve the dÃ©cor. Also, as mentioned in a previous answer, give yourself some time to get to know your neighbors. You may have to reach out and introduce yourself to some of your neighbors as people are busy and may not get around to stopping by on their own.
Why do you hate it? Maybe you just need to give it some time to get adjusted. Moving can be very stressful - the entire homebuying process is stressful. The house probably feels strange to you, but that will change in time.
My advice would be to take a deep breath, and give yourself a few months to settle in. Make an effort to meet the neighbors...........learn your way around the neighborhood.
Maybe some new decorating or painting will help you feel more at home......will make it feel more like YOUR home.
If, after several months you are still so unhappy, then speak with your agent, and see what the market conditions are. I don't see any realistic possiblity that you will be able to sell and not take a loss. Even if you get what you paid, there are real estate transfer fees, commissions, attorney fees and further moving expenses. Is it really worth it to go through all of that?
Can you afford to take a loss?
Only you will be able to decide.
Feel free to reach out to me if I can be of any help.
Hope things improve for you.
Prudential NJ Properties
email me at: Debbie.Rose@PrudentialNewjersey.com
If a magical genie popped up in front of you and said, "I will grant you an unlimited supply of wishes," what would they be?
Nothing is too great or too small.
Hmmm...gets you thinking, doesn't it!
What do you desire most in life?
What experiences would you like to have?
What kind of health and fitness levels would you like to achieve?
What quality of relationships would you like to experience?
Where would you like to travel?
How much money would you like to have?
How would you like to spend it?
I'm looking into Feng Shui and how to create a healthier living and working environment. I found a neet website that you can find in my Services section on my website. She has quite a few videos, tips and suggestions for creating the optimum environment for you. Since you just moved in, it couldn't hurt to try. Feel free to contact me:)
I do not practice real estate in your area. I'm sure if you can't work it out any number of these fine Realtors can assist you with your sale.
RE/MAX Ridge Real Estate
is there anything that can be done to improve your home to change your mind? if not, you have to decide if the possibility of taking a loss is worth it for you. on the positive side, Fair Lawn homes are selling. We have closed on over 90 homes in the past 4 months. so, if you decide to sell your home, now is a good time as there is a great deal of activity in Fair Lawn.
I live and work in Fair Lawn, so I am very familiar and knowlegable with this market. please contact me so I can explain your options.
9-02 Saddle River Rd.
Fair Lawn, NJ 07410
201-794-7722 ext. 113
I am sorry to hear of your dilemma. Maybe you can try and figure out the things that bother you and work on improving them.
Is it your new house you hate, or is it because of the the place you left that makes you unhappy?
If you are truly unhappy, then selling may be your only solution. Fair Lawn is a town that always has a lot of buyers. I have listed and sold houses there and I would be happy to speak to you about possible solutions to your problem.
Please feel free to contact me through my webstie.
It is not insane at all, you are having buyers remorse, and it happens all of the time. Someone else might just love your home, so go for it! Also, the longer you stay there the more attached you get, and you just might not care if it doesn't sell.
Sorry to be brutal but facts are facts.
I just wonder if the things you hate about the house could be changed or corrected.
What is it that you hate about the house?
It seems like you would probably be taking a bit of a loss to sell a house immediately after purchasing it, but if your happiness can be achieved by doing so, that does not seem insane. It seems more insane to stay in a house which you hate so much it makes you cry!