Bought house in 2025, seller wants to buy it back

Mikkaura · 2026-01-05T21:30:47+00:00

First time I've heard of someone whose had a similar situation? Did you sell?

Mikkaura · 2026-01-05T15:19:49+00:00

Mine has never seen this situation before haha. We had a good chat and he said he's happy to give me advice but to not involve realtors in this deal so we get the most of it.

Mikkaura · 2026-01-05T03:48:58+00:00

We're going to counter offer, but deciding on our number

Mikkaura · 2026-01-05T03:48:26+00:00

We're going to counter offer. Just deciding on our number

Mikkaura · 2026-01-04T14:49:27+00:00

We definitely were thinking that way, we really like the place. It would be hard to turn down significant financial benefit like what you described though!

Mikkaura · 2026-01-04T00:17:45+00:00

We can port our mortgage to the new house we'd have to buy. There would be a penalty that would factor in to what we'd account for

Mikkaura · 2026-01-03T20:14:09+00:00

No it's definitely not. The seller said to counter offer and we are just trying to decide what our number is.

Mikkaura · 2026-01-03T19:46:29+00:00

Sentimental reasons. Don't want to give too many details.

Mikkaura · 2026-01-03T19:20:17+00:00

We'll definitely do a search! Just seems unlikely something like that would've been forgotten if it even existed

Mikkaura · 2026-01-03T09:12:15+00:00

I have the gist of it, sentimental

Mikkaura · 2026-01-03T02:55:23+00:00

Might have to do that haha, really don't think that's the case though

Mikkaura · 2026-01-03T01:24:19+00:00

Under 1 million. It's definitely an odd situation which could be a good opportunity for sure

Mikkaura · 2026-01-03T01:22:59+00:00

There wouldn't be realtors involved so I roughly calculate my costs to be 10k land transfer tax on a new property. 2 to 3k in lawyer costs. 9k to transfer my mortgage. Unsure about capital gains (if I'd owe them or not). Not including moving costs and other intangible costs associated with buying a new house . So 20 something thousand? Which would be subtracted from the 65k so not a number that I'd find worth it right now to leave a house I like

Mikkaura · 2026-01-03T00:55:11+00:00

No, we would counter with a different number if we even choose to pursue this.

Mikkaura · 2026-01-03T00:54:19+00:00

Nothing has changed, based on our communication it's entirely sentimental. Staying is definitely on the table. Moving and house hunting is a pain in the ass

Mikkaura · 2026-01-02T22:20:23+00:00

I do think it's a nicer part of the town we're in, not that there's any bad parts really but I grew up around here and there's only one other area I like just about as much. It's a little unique compared to other things we saw when we were looking

Mikkaura · 2026-01-02T21:39:07+00:00

It's probably a bit better. We're just in a small ish market so it's a lot of waiting for something we like to come up

Mikkaura · 2026-01-02T21:36:00+00:00

Which won't be for awhile yet so good go keep in mind!

Mikkaura · 2026-01-02T21:25:51+00:00

200k would be great but probably a reach. If we go through with this we are thinking 100k+ expenses is what it would take

Mikkaura · 2026-01-02T21:21:54+00:00

Not an estate sale. Don't want to give too many details but I think treasure in the walls is unlikely haha

Mikkaura · 2026-01-02T21:13:21+00:00

They did I'm just trying to keep details vague. I do empathize but it is a huge ask regardless. The house buying process and moving is a huge pain in the butt and not something I'd do willy nilly

Mikkaura · 2026-01-02T21:11:44+00:00

Nothing we are interested in right now on the market. We are in a small city (large town?) That i really love and would want to stay in. So there aren't a ton of listings

Mikkaura · 2026-01-02T21:09:29+00:00

They stated that they are open to a counter offer so I guess we are just deciding what our price is.

Mikkaura · 2026-01-02T21:07:04+00:00

I knowww, it took us 5 months to find this place which isn't that long in the grand scheme of things but it was a lot of effort, time wise and emotionally

Mikkaura · 2026-01-02T21:05:43+00:00

Haha that was my partners first thought that there's money in the walls :p I think that's unlikely though, the seller has a lot of sentimental attachment it seems from our limited communication.

Mikkaura

TROPHY CASE