What would you do in this situation? I recently bought a house and after a month realized I HATE it. I overpaid by probably $30,000 and it needs about that much money in repairs (new furnace/water heater, roof, AC unit, and has no exhaust fan or window in the bathroom… laundry machines are janky too, wow I messed up bad)
I’ve deemed it unlivable for myself. I barely even stay there. I want to get rid of it asap and don’t care how much of a loss it takes, I really screwed up bad and I don’t want this financial damage to blow back on my family if I lose my job
Anyway… am I better off paying to get the issues fixed or list the house as-is when spring comes around and it has a better curb appeal
The inspection report looks ugly. But if I pay all the money to get things fixed I won’t have enough for closing costs
If I don’t fix anything well I overpaid like hell so I’ll have to list it way less than I bought it for and make up for the equity with cash
PowerfulSneeze t1_j6yyhxc wrote
Reply to We are real estate and housing economists Danielle Hale and George Ratiu and housing reporter Nicole Friedman, discussing affordability within the U.S. real estate market. Ask us anything! by wsj
What would you do in this situation? I recently bought a house and after a month realized I HATE it. I overpaid by probably $30,000 and it needs about that much money in repairs (new furnace/water heater, roof, AC unit, and has no exhaust fan or window in the bathroom… laundry machines are janky too, wow I messed up bad)
I’ve deemed it unlivable for myself. I barely even stay there. I want to get rid of it asap and don’t care how much of a loss it takes, I really screwed up bad and I don’t want this financial damage to blow back on my family if I lose my job
Anyway… am I better off paying to get the issues fixed or list the house as-is when spring comes around and it has a better curb appeal
The inspection report looks ugly. But if I pay all the money to get things fixed I won’t have enough for closing costs
If I don’t fix anything well I overpaid like hell so I’ll have to list it way less than I bought it for and make up for the equity with cash
Idk what to do. Advice needed thanks