Really hate the house just purchased - I have cried everyday - can we sell?

Asked by Stressedout, Ponte Vedra, FL Sat Sep 12, 2009

We just purcahsed a home and I am truly regretting it (although my husband is not) - what can we do? - not a good time to turn around and re-sell?

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Mark LeMenag…, Agent, Lake Nona Orlando, FL
Sun Sep 18, 2011
This is a 2 year old question. If you are still out there whatever happened? Who won, you or your husband? If he did, are you still married to him?
1 vote
Kim Kirkwood…, Agent, Westerville, OH
Sat Sep 17, 2011
It is tough to sell in today's economy, but all you can do is try. Since you just bought it, you should list it for just above what you purchased it for, and hope to break even. You may want to ask the agent who helped you buy the place how long it was on the market before you purchased it. That will give you an idea of how long it could sit again before you would find a buyer.

Good luck!

Kim Boulter
Healthy Realty, Charleston SC
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0 votes
Alma Kee, Agent, Tampa, FL
Sat Sep 17, 2011
You will "see it" when you believe it.

If there is something that can be fixed, you can also refinance into an FHA 203K mortgage and include the upgrades you want or even add on another bathroom, hardwood floors, granite counters, etc. You would have to verify the loan limits in your area. There is also a Fannie Mae renovation mortgage that may work, too.

Contact the lender you used to purchase your home and ask them about renovation mortages.

All the best,
0 votes
Cathy Sloan, Agent, Jacksonville, FL
Sat Sep 17, 2011
Stressed Out.

A lot of people experience Buyer's Remorse. It can arrive at any time before or after the purchase and can last for weeks or months. Ponte Vedra is a very desirable upscale address with excellent schools. You don't get as much square footage in your home for the $$$$ as other areas. This could be some of your regret.

You do receive a prestigious Beach community that has an excellent chance for appreciation when the market returns. Hopefully with a little more time you will appreciate the home as an investment. If you still feel the same way in a year or so it is possible you can move on and break even on this home. Depending upon the price point, our Beach area homes are still in demand. I personally know a couple who sold their home by owner recently in a matter of weeks.

Best of luck to you.
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Dallas Texas, Agent, Dallas, TN
Sun Sep 13, 2009
You can sale a home at any time like however most homeowners should keep a home for 3 years due to closing costs and etc. There could be penalty sale a home early check with your lender.

You can also lease home if all else fails.

Good luck have you consider customize home per your tastes?

National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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0 votes
Jed Lane, Agent, Petaluma, CA
Sun Sep 13, 2009
I tell my clients of my experience when my wife and I bought our home in 1992. I believe that you will feel every emotion in the full range at some point so there is no reason to stress over any of them.
Typically in a couple home buying is more important to one than the other. It was this way with my parents and with me. I see it consistantly in my clients too. It is one of the two biggest decisions you will make as a couple. As a couple there are times when you will press for your point and times when you will acquiesce.
Examine where you would rather be and why. If it is important enough you will pay the price to get there, if not relax and enjoy. Stress can and does destroy relationships and individuals. If you feel trapped you will feel stressed - make a decision for yourself if it is worth it to move. Figure 10% of the sale price will be your cost.
0 votes
Phil Moody, Agent, Ponte Vedra Beach, FL
Sat Sep 12, 2009
I'm sorry to hear you are suffering so.

You bought the house thinking, at the price you paid to live in Ponte Vedra, this house was a good deal.
There will be others out there who think the same as you did.

Your dilemma is you will loose some money in the selling of your house so soon but is that loss of money worth to your peace of mind?

Only you can answer that!

I'll be glad to discuss your situation with you and your husband.

Phil Moody
Prudential Network Realty
0 votes
Bill Eckler, Agent, Venice, FL
Sat Sep 12, 2009

We are sorry to hear about your disappointment....are your feeling directed to the new home OR leaving your previous home and friends? If it's the latter, you would likely experience this where ever you relocated. Perhaps some time will help.....

You are probably correct about selling this property so break even and cover fees associated with the next transaction you will need to sell the property for more that you just purchased it for.......In the current market this is just not practical.

Good luck
The Eckler Team
0 votes
Kevin Clouti…, Agent, Cape Coral, FL
Sat Sep 12, 2009
You would be able to market the property for sale but would probably lose money as properties have not appreciated. If it was an in demand type home, it may resell quickly though.

Kevin Cloutier
Keller Williams World Class Realty
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