If you regret purchasing a home, assess your financial situation and market conditions. First, evaluate whether selling is feasible. If the property is underwater (value below mortgage balance), consider a short sale with lender approval. If not, refinancing may lower monthly payments if interest rates have dropped. Alternatively, renting the home could generate income, but factor in maintenance and management costs. Consult a real estate agent and financial advisor to weigh options like selling, refinancing, or holding for market recovery.

Market volatility and personal financial shifts often drive regret. From 2020 to 2023, U.S. home prices fell 8.5% (Federal Housing Finance Agency), prompting 30% of homeowners to explore selling (National Association of Realtors, 2023). Refinancing saves an average of $150/month for loans over $300k (Bankrate, 2023), but closing costs ($4,000-$6,000) may offset savings unless the loan exceeds $500k. Selling incurs 5-6% transaction costs , reducing proceeds. Capital gains taxes (15-20%) apply if profits exceed $250k (single filers) or $500k (joint filers) after one year. Negative equity persists in 12% of mortgages (Federal Reserve, 2023), making short sales or loan modifications critical. Proactive analysis of these factors helps avoid long-term losses.