The real question is how did you arrive at this price? Did a Realtor give you recent comps for the area? Or are you simply going off what you paid previously? The market is a constantly changing animal. Current stats would be beneficial.... more
Contact the agent who helped you get the home, if you had representation. They are the most likely to work with you. I have a special program available to my clients if life throws them a curve-ball within the first year after they've purchased a home. It isn't usually happy circumstances that bring them back that quickly, and they need someone in their corner.
Don't assume they'll ask you to put anything into the house other than elbow grease. A good cleaning and some appropriate staging is all most homes really need. Getting it to that better level of clean takes effort. Then, you'll be ready for the sign to go in the yard.
It isn't ideal to get a client back so soon, especially since our Texas home appreciation values have never really been more than a trickle from one year to the next. But, you are in a popular town, and you may be surprised how well the local economy is doing this year as compared to last year. If you bought smart in 2009, you may actually make a little money even with selling in 2010.
Consider offering the house for sale or for lease, and let the market determine which way is best at this time.
The demand for residential leases has never been greater.