I just closed on a house Aug. 6 but now I may not want the house..what can I do..will I lose money ? Buyers remorse

You are now the owner of that house as there is no right of rescission with purchases. Your only recourse is to sell the house. I would contact the Realtor involved in the sale and ask whether there were any other prospects interested in the house. You may or may not lose money if you sell but that is up to you. The selling price has already been determined by the prior sale. The only exception is if the former owner committed fraud or deception during the sale to you. If that is the case contact an Attorney specializing in Real Estate.

You own it now, but I would wait and let the dust settle before making any rash decisions, who knows the house may become a home after all..Good Luck

I would have to agree with the other mortgage professionals. Take a moment. You just closed on your new home. Talk with your realtor.

I concur with Leo, Ralph and Kay. You are now the owner of this home. Hope all goes well for you.

There's nothing you can do about reversing your purchase.. The rescission laws only deal with refinance transactions.. and any rescission you would have had (cooling off periods), were all done before loan doc's were ever printed.. you are now the legal owner.. you can call an agent and list it for sale, but that will include you paying realtor fees and your own closing costs.. so yes, most likely,you will lose money.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Buying a home and moving are stressful events in life, usually in a good way but admittedly not always. Its okay to be a bit nervous about meeting new neighbors and getting used to the quirks that every home has to some extent. I agree with the other answers that it's yours now and selling it will incur considerable expense. I'd suggest you take a breath, and give it a month or two to see if the place grows on you.

Sorry to hear that. Best thing you can do now is to wait a bit and look at all your options. Make a list of all of the reasons you don't want the house and a list of all of the good reasons to keep the house. You obviously went through a lot to be able to get to this point and you don't want to waist your money or your time. How can you turn those negatives into positives? Look to others you respect for advice and see how they would handle it. No matter what, make sure to take your time and look at this from the outside in to get a fresh perspective. Best wishes, Sean

As mentioned you own this home. If you do not like the home and you find out you have no equity. Your best option is to move out in a month and rent the home for profit until you can sell the home and make money from selling it.

That is a tough one. Not sure what your reasons are for having buyers remorse. If it is the loan that you have then talk to a different mortgage broker and find out what options you have. It may be difficult to refinance right away as some lenders may want you to wait a few months. But as long as you improve your payment situation then many lenders will allow you to refinance right away. Otherwise you can attempt to contact the agent that you bought the house with and see if they can work a deal on their commission and help you sell it. But I would sit and think about it for a couple of months. Buying a house is a big step and if this is your first house then I fully understand you being uncertain. But home ownership is a great thing to have.