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Now what you haven't mentioned is your tax situation. How much, if any, in capital gains you would have to pay? That can make a difference.

That $100,000 is net of tax and commission.

What exactly was your purpose in buying this house?

Purpose was to buy a house now and live in it later. We love the neighborhood and the we looked at several houses before we found the one we love. We would live there but it's too big for us right now and the commute will kill us so we're eventually going to find a job out there.

We thought that we can find a condo around our current apt and go live there but the payment will be $3,000 a month. If we buy this future house, our loss will be $1,100 and apt $1,200 total $2,300 so better to buy this place further away and move our jobs over there eventually.
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