Counselor, Westwood is a subdivision in Rancho Bernardo on the I15 corridor.
Seattle Relo – Sorry to hear about your case. Whenever anyone relo’s to a different city there is no good reason not to rent before buying period. You need to acclimate and learn about the new city.
Unfortunately you guys ran into a sales agent who pretty much saw easy money. If this was a company relo then the guys that work in the relo departments for many real estate brokerages love it when buyers like yourselves come to them.
That said, if you sell you will pay your commission. Add in another 1% for closing costs that are typical sellers side closing costs including splitting escrow 50/50, paying for the buyers title insurance, paying for a home warranty, county transfer tax which is $1.10 per $1000. Now the unfortunate thing is that many buyers are demanding that the sellers help finance the buyers side of the closing cost ledger. I received an offer on a listing in Oceanside today where the buyer is asking for 2% of the purchase price for their recurring and non recurring closing costs.
So the price to sell is
sales price – commissions – 1% estimate for your closing costs – [other possible closing cost requests] – [any prepayment penalties for your loan]
Sorry to hear about what happened… Hang in there. If you are happy in the long run you will be okay… but long run is going to be many years.
