I bought my first home in April of 2020. I wasn’t planning on selling it, but I’ve had a few friends recommend I look into it because every house they try to buy (granted, in a different state) is getting outbid by $30k+ very quickly after listing.
I spoke to my realtor and she said people in my area are desperate for housing and are putting in offers $30-50K over asking. This is great for me. BUT, they also said that in 40% of cases, the buyers’ appraisers are coming in and listing prices at or below asking price.
So my main question is: is it worth it to try to sell the house?
I’m a single guy with no emotional attachment to the place, and I can easily move back into an apartment or rental house. I figure I’ll sell if I can make at minimum $25,000 after all fees. Is this realistic?
Finances: Not sure if it matters but I bought the house for $125k (not including VA fees) with a VA loan and currently owe ~$124,500 total.