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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We’re in this situation, or close to it. Overpaid at the PEAK of the market including interest rates. House ended up having significant issues we discovered after the sale that will legally require us to sell as-is unless we spend $200K+ to fix them.

However, we LOVE our location and the lot we’re on is surrounded by new builds. So we’re debating selling at a loss to a developer and move on, teardown + rebuild, or stay for 5-8 years and spruce it up via an interior designer. [/quote]

We are in this situation. How much would you lose if you sell? It could be a wash if you thinking about how much it would cost to fix vs. locking in your loss by selling now.

We are just sucking it up and fixing the problems. 1) the loss, 2) we'd have to pay more for something else in our area, 3) there really isn't anything we like more than our house, which we love everything about except the issues. [/quote]

PP, catching up. If we sell, we’ll lose $100K or so - maybe more if builder activity slows down since this will only sell as a teardown. Teardown lots in our immediate area are selling for just under $1M or so. We love our location though so we may rebuild entirely on our lot if the comps for new builds in our area keep going the way they are. [/quote]

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