Newsflash: Did I screw myself with trying to sell my home?

Hey wise people, I was wondering if you could help me out.I recently bought a house in a very up-and-coming area in NC. The market is intense out here with trying to purchase anything due to the cost being so high. However, it is still booming quite a bit because it is a very desirable place to live. I don’t foresee the desirability decreasing anytime soon, either.I bought my house for 205,500 with 3% down – so my mortgage is roughly 198K.The kicker is — I want to move. Life happens, and I started a relationship in which my boyfriend ended up moving to another state. We are doing long distance now, but eventually I will be moving to his state. My goal would be to move in 6 months to a year.My ideal situation would be to make money on this house (it appraised for 215K), but I would be okay with breaking even too. However, I fear that I won’t be able to do that. The houses that are in my price range now with similar specs are selling for 198-205K. From my understanding, even if I sell my house for what I purchased it for, with the commission for the realtors – I will be in the hole.The house is in decent shape, but definitely needs some updating.My biggest fear is what I will be upside down in my house with trying to sell it and royally mess up my outstanding credit history.Does anyone have advice on this situation or words of wisdom? Is there anything that you can think of that I can do to improve the chances of it selling that will not cost a lot? I am going to be refinishing the cabinets in the kitchen and bathroom in a month and getting a new water heater installed. In addition to that, I plan on doing some major landscaping to the front and backyard.I thought about renting it out, but that seems like it would be a huge hassle given that I would be moving five hours away.I appreciate any insight into this situation! Thanks in advance.



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