I bought my 1 br condo a little over 3 years ago @ 110K. Only put down 3% as first time buyer with everything combined put down around 8k including appraisal, closing costs etc. I was very frustrated after my experience being absolutely terrible with the upstairs neighbors, the one that was here the longest for 2 years drove me to the point of wanting to put my place on the market. The HOA was involved & her landlords last words were “this is going to get resolved”. Kid you not, she swiftly ends up moving out 2 days before I list my place for sale. Now this woman & her young daughter move in whom so far have been oddly quiet. I list my place at 170k & in less than 2 days my place is under contract with an offer at 175k. I end up having a contingency offer where I was going to sign on another place to buy & after long thought end up backing out. Unfortunately my stupid self was already under contract to sell my place & the buyer isn’t budging she’s adamant about buying my place. My place is scheduled to close on 11/18 & I’m getting close to 60k for the sale of my place. Mind you, I put down around 8k 3+ years ago. My place already appraised at 175k. With the interest & high mortgage with buying another place, I’ve decided to move back in with family after living alone for so long. They’re converting the living room into my own bedroom which I’ll be bringing my own furniture from my place, my mom is letting me live rent free. It’s going to be a huge adjustment, with the money I’ll be getting + saving my paycheck hopefully it’ll be more than enough to put down on my dream home in time. Hopefully by the end of 2023, I know the market may take a turn for the worst. I’ve already beaten myself up over my hasty & ignorant decision making but would like your input.
