Buying A Home
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Selling home for a loss

We are selling our home and will be losing not only a significant amount that we paid but all the improvements we did.  I don't feel so bad about improvements because that's just something we did for ourselves, but it's hard to lose the money you paid.  It's less than a lot of our neighbors lost, but still.  I'm trying to be positive and focus on all the benefits we will gain by moving, but I'm feeling a little down today.  Did you sell your home for a loss and how did you cope with that?  
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Re: Selling home for a loss

  • Yep, we sold for a loss to the tune of $35K.  It sucks.  Plain and simple.

    You have to take the emotion out of it and realize that paying to sell it is better than holding onto it.  Yes, you are losing, but you are probably able to

  • We lost $15k when we sold our house and that doesn't even count the $30k in upgrades we made while living there. It was a little easier for us to let go because we were already living in another state and still paying our mortgage even though we weren't l
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  • Our house just went under contract last week. So far we stand to lose about $10k, and the $23k we put into the house. What makes me feel better is knowing that some of our neighbors have fared worse than we have.
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  • We sold in 2012 and lost $15k on the house, plus about $15k in add-ins we did ourselves.

    It stinks. But the new house we bought, also in 2012, took a $40k+ hit.

    If you are buying a home after this sale, you will "make it up."

  • we are in the process of selling and will take 30k loss on our condo... we are moving with the IL to save money for a house.. its hard to swallow but its best for our family right now... good luck!

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  • We will have to write a check for about 12-13 thousand when we close on our home. This is after real estate agent commission, taxes, attorney fee, title, and fixing the garage roof. 

    It really is sad. But , we know that if we want to move on

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