Just bought a 2nd house that I'm no longer crazy about. Should I sell and move back?

Profile picture for MeetTheEngineer
About a month ago, I bought a much larger house in a more urban area. At first, I loved the old style of the house (it was built in 1880) and it's charms. The neighborhood seemed nice enough at the time. After I moved in, however, I noticed the loud obnoxious neighbors whose children would roam the streets screaming obscenities and vandalizing everything in reach. My other house is in a much more suburban area with very little pedestrian traffic nearby. My old house has nearly an acre of land while the new place is on a 4,800 sq ft lot. I didn't think I'd mind the change, but I really miss my back yard now.

I currently feel like a prisoner in my own house even though it is much larger than my old house. My old house is currently listed for sale, but I'm beginning to think I should list the new house instead and move back even if it means losing thousands of dollars. Should I rough it out for a few more months and see if it gets better? I can only imagine the neighbors would be worse in warmer weather.
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January 19 2011 - Carnegie
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Answers (7)

Profile picture for westcoastrealtor

Ask your realtor for a conservative estimate of your new home's current value and an estimate of your selling expenses.  If the amount is less than your disdain for the new neighborhood (after any possible taxes for gain - who knows?!), by all means, move back.  Another option is to sell both and find something that suits you better than either of the homes your currently own.  You must feel out sorts with one foot in each house. 

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January 20 2011
Profile picture for billy goat
Get out!!!   Move back, asap.
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January 19 2011
You will loose thousands RENT it if you can
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January 19 2011
Profile picture for the_country_hick
The only other option would be to rent it out. But probably you would do better just to dump it and even if it costs you some money you will enjoy life much more.
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January 19 2011
Profile picture for MeetTheEngineer
Believe me. If I had a time machine, I'd go back to two months ago and stop the whole thing. I'm just glad I didn't buy a much more expensive house in the same neighborhood as I was originally planning. This house happened to be a bargain priced significantly lower than comparables in the neighborhood. If I'm lucky, It's possible I could actually break even with some painting and window replacement.
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January 19 2011
Profile picture for wetdawgs
If you are unhappy this quickly, I'd put the "new" house on the  market and move back to the old house.   This will be a very expensive change of heart.
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January 19 2011
Profile picture for bennysmith1
If you are this unhappy I would recommend having a different realtor evaluate the cost of selling this home and look at how much you will loose. Considering you just bought the home and will need to explain why you are moving you will need someone who can disclose this without running others away that will not care if the neighbors are noisy. Better now that june when they may live in the street.
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January 19 2011
 

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