Need help getting out of our first house

[Geoff Pope]

We bought our first home in May of 2023. Bought the house for $365k at 3% down. Our current monthly payment is $2,580. From all the estimates I've seen, the house has not gone up in value. We've done some small cosmetic improvements like countertop, flooring, sink, and appliances in the kitchen. Other than that, nothing more than just paint, board & batton, and some outdoor landscaping. 

We are planning a move out of state in the coming future, pending me getting a new job. We own the home out of state that we will be moving into (thankfully bought 20% down).

Lots of variables to deal with coming up however. New baby in June, no real idea when a job will happen, moving across multiple states, and figuring out what to do with our Glendale home. 

Any advise, assistance, ideas would be greatly appreciated! Let me know if you need any more information. 

[Bruce Lynn]

I believe you when you say there is no appreciation.

Likely you will lose some money and/or have to bring money to close.

Don't fall into the trap of getting a cheap agent to try to save money.  Get one that is honest with you about pricing and not tell you what you want to hear.  You want one that will get the house sold.  People are buying.

Some people will tell you to rent it, but becoming a force long distance landlord I don't think is a good option.  It will likely be a headache for you and you very well could just be kicking the can down the road.