Reply to Regretting my purchase

Forum Index » Real Estate

Reply to "Regretting my purchase "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Assuming your loan will allow it, turn it into a rental and move. [/quote]

At these rates I guarantee the rent won't cover the mortgage payment. [/quote]

Maybe. Probably.

OP whats the bottom line here?

[/quote]

Paying $1M cash so no mortgage. No inspection beyond seller’s inspection (and the ones current owners did 3 years ago) and I am worried. I paid a lot over asking and am worried about unknown issues on top of that, plus it required some big compromises and also needs some updates.[/quote]

"Paying" Are you closed yet?

How much EMD?[/quote]

No closed yet. Mid October date. $50K EMD. I want to puke.[/quote]

Are you within your contingency period still?  Just walk! [/quote]

No contingencies. I would lose the deposit. Possibly the whole thing.[/quote]

Not to sound crass or privileged, but what is $50K when you're talking $1M in all cash on the most major purchase of your life. That stress would literally kill me.  If this was 2021-2022 heck I'd say do the deal and then sell if you truly hated it, but the market has changed A LOT since then and there's a good chance you would be stuck in the house a long time, or move and lose a lot more than $50K. [/quote]

Need to move. Right, worried I could end up losing a or more than 50K. Love the location. The rest is problems.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics