This is a difficult problem that I understand all too well. My wife and I went through this when moving for a relocation for her job. We're back in Raleigh now but when we did our move we rented for the first year. It let us find the areas we liked, get a feel for the city and see what the trends were. What we did is simply store most of our belongings and moved in the essentials while we got our bearings. That way when we moved the second time it wasn't so bad.
There are a lot of new rental developments as well as properties (single family homes) that are going for rent these days.
Hope this helps and if I can be of any assistance please let me know by clicking on the URL below this posting.
I moved here 3 years ago from Miami and rented. We bought last year. The most difficult problem I had was making sure my kids stayed in the same schools as Wake County is notorious for changing school districts.
I would ask that you do a rent vs buy evaluation with a Realtor here in the Raleigh area and come down to visit. There are vastly different areas of the Triangle and, whether you rent or buy, you will want someplace you will be happy.
I can help you do an evaluation to determine if it is better to rent or buy, then find you something that would fit your needs.
Please give me a call if you have any questions. 919-964-0732.
I understand your hesitancy to buy. It might be more comfortable for you rent first...to get to know the area…and that's absolutely a valid point of view. However, the real estate market is changing. Home values are increasing and according to predictions I'm hearing, that trend will continue. Interest rates, interestingly, are still very reasonable. Given those facts, the longer you wait to buy, the more you will likely pay for your home…possibly at a higher interest rate.
I have a good friend who relocated to Raleigh last summer and, against my advice, she thought it would be good to rent first so she could get her bearings. I went with her to check out apartments and she settled on her favorite. She's paying more than $1200 a month for a very nice 1200 sq. ft. two bedroom and absolutely hates it….counting the days until her lease ends in July. One woman's experience.
If I can be of any further assistance, please don't hesitate to give me a shout.
text or call: 919-605-6981
If there is anything I can personally do to assist you, please don't hesitate to contact me using the contact link under my picture. Also, if you want to learn more about the area, I have a ton of links on my website that will help you...plus a terrific home search engine. Click on the link below to access my site.
Wishing you the best with your upcoming move!!
The bond market is really choppy these days. If you are going to borrow most of the purchase price it is something you should watch closely. There are many online payment calculators, find one and run a couple of examples, some with current interest rates, and then again with a 1% bump in the rate, multiply the difference by the number of payments, do this sitting down.
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Financing Kentucky One Home at a Time
I answer questions about financing real estate based on my decades of experience dealing with mortgage underwriters. This answer is my personal opinion, has not been reviewed or approved by the company I work for. I do not offer legal or tax advice, if you need answers from an attorney or CPA find one knowledgeable in your local market.