Wife and I are thinking about selling our house we recently purchased in August 2016 and buying a house closer to work. Our commute is currently 20 miles each way but we commute together cause we work at the same place. We want to sell because we both hate commuting and want to be close enough to bike to work. Has anybody sold a house after just buying it?
Backstory: Wife and I built a house which the process took about 1.5 years to complete but now we are doubting our choice because of distance to work. The house is awesome, brand new, efficient everything but we built it before we discovered Mr. MoneyMustache and now we hate commuting because of the amount of money and time spent on and in cars. We should be able to sell our current brand new house for a little bit more then we paid but would probably break even. We did put 20% down and got a 15 year loan at 2.75% and owe about 1.6x our income on the house and have about 100k worth of equity in the house. If it matters we both currently max all our retirement accounts and can still save about 80k per year but if we moved closer to work could definitely save more and retire earlier.
The problem: There are almost no houses for sale currently near where we work. We don't mind a project house, both very good building and fixing things (both engineers of course) but searching Zillow there's nothing and everything goes fast that's decent and its not a hcol area.
Solutions: We could sell our house and rent near where we work and wait till something pops up and grab it but we don't want to lose money on the sale of our current house and its hard to get a rental lease that isn't a year long. Or we could just stay in our brand new house and enjoy it and suck up the commute for the next 10 to 15 years. Current house is in the woods, can't bike anywhere. Our commuter car is a Chevy Sonic that gets close to 40mpgs. Also no kids, no plans for them.
Is it worth it to take a loss to move closer to work? We both plan on staying at the same company till we are FI and our jobs are very safe.
Picture of my house for fun: