Anonymous
Post 07/28/2020 22:16     Subject: Re:Over paid for my house and stressing it
We overpaid for our home too and we've been living in it since 2006. It is what it is. We didn't realize we did but if you look at redfin or zillow our home as only increased in value by $16K in 14 years. So it could be worse! You could be us!
Anonymous
Post 07/28/2020 21:42     Subject: Over paid for my house and stressing it
I will always be 'aware' of better deals I could have made, $ I left on the table and the coulda/shoulda of various projects. Live and learn. Enjoy living there- don't punish the home. Pick your projects and work on them. If you live in a good area, it will always be worth money. You won't make a tonne on the sale, but then if you wanted that you would've been more risky and bought in a gentrifying crappy area.
Anonymous
Post 07/28/2020 15:44     Subject: Re:Over paid for my house and stressing it
We paid on the higher end of our house last year, still below asking but we probably could have bid a bit lower. But we wanted it and came in strong. So we accept that we did what we thought was best at the time, and let it go. Try to let it go....you had your reasons. Consider a refi too.
Anonymous
Post 07/28/2020 08:21     Subject: Over paid for my house and stressing it
Refinance to bring down your mortgage payments (rates are super low) and you'll feel better.
Anonymous
Post 07/28/2020 07:27     Subject: Over paid for my house and stressing it
Anonymous wrote:
Anonymous wrote:The number of feet in the basement bedroom window to floor doesn't matter. It only matters if a firefighter can enter with his equipment on. If the window is large enough to accommodate a firefighter and his equipment, it's a bedroom.


Not true. The building code specifies the maximum height at which an egress window can be installed.


Correct. Our egress window was too high off the floor and we had to install a step so that a person fleeing a fire lcould reach the window.
Anonymous
Post 07/28/2020 07:18     Subject: Re:Over paid for my house and stressing it
House #1: My House: 5 bedrooms, 3.5 bedrooms, 3K sq ft including basement. One Car Carport, 4 bedrooms upstairs, 1 bedroom in basement with full bathroom, small but useable play space in basement, all bathrooms are very small (our biggest issue, as well as not garage), small bedrooms as well, and yard is small-ish and not flat. Good main level floor plan. When i originally bought the house the appraisal came in as 5 bedrooms and at my purchase price. Depending on the appraiser some might consider it a 4 bedroom since the window on in the bedroom in the basement is higher than a certain amount of feet. It was appraised as a 5 bedroom when I purchased it but then a 4 bedroom when I tried to refinance (and the appraisal came in at $25K under the purchase price).


You didn’t overpay for your house, you just bought a shitty house. A 5-bed in 3000 sq ft? A one-car carport? Why??
Anonymous
Post 07/27/2020 22:07     Subject: Over paid for my house and stressing it
I have anxiety myself, but this is a lot of stress over something not worth stressing over. I have wondered if we paid too much (in our case for the renovation, not the house), but 1) now we're building equity and not paying rent, 2) our monthly payment is doable, and 3) we love our house.

We also had a higher interest rate (~4.75%) before they started going back down, but we refinanced and got a lower rate. It's never going to be perfect. The difference of $10k or $20k over a 30-year mortgage is negligible. You can't win 'em all!
Anonymous
Post 07/27/2020 21:46     Subject: Over paid for my house and stressing it
Anonymous wrote:The number of feet in the basement bedroom window to floor doesn't matter. It only matters if a firefighter can enter with his equipment on. If the window is large enough to accommodate a firefighter and his equipment, it's a bedroom.


Not true. The building code specifies the maximum height at which an egress window can be installed.
Anonymous
Post 07/27/2020 18:17     Subject: Over paid for my house and stressing it
OP, the house you love that sold for only 8k more could have shown much worse in photos than in person. Maybe there was a mold issue or other problem you don’t know about that caused it to not sell for much more than yours. If you’re planning on staying 8-10 years it won’t matter that much even if you did overpay even by 25k. That is a wash over a decade. Enjoy your home.
Anonymous
Post 07/27/2020 16:20     Subject: Over paid for my house and stressing it
Take up yoga and meditation.