Sparkles, this is a great question. The agents below have given some really excellent responses. One thing I would add is that we do not know where interest rates will be in a few years. You mention 'returning' so are you being transferred away for business? So you would sell your Avondale home and purchase a new one that you would rent until you return, right?
Consider how much home you can buy with today's interest rates vs. what they could be in two to three years. Inflation could cause interest rates to soar. It would also cause home values to rise. If you are able to buy a home now at today's low interest rates and prices, it will be an excellent investment for the long haul.
If you are not working with a Realtor, we would be happy to help you find a home that is an excellent value, as well as well your Avondale home for the best price the market will allow. We also have professional lenders to counsel you on the financial part of selling and buying.
Sharon Alters, CDPE, GRI
Watson Realty
904-673-2308
sharon@teamalters.com - Thu Nov 19 2009, 13:35