Congratulations on your upcoming wedding! What an exciting time for you!
It's expected for agents to jump in and say "buy now "- prices and interest rates are low, so you should buy now !
That all may be true, but..........
You have a lot of life changes coming up in the near future - not only the wedding and becoming a wife, but the move to a new state, too.
Making a decision to buy a home is stressful, so.....as a mom (taking my Realtor cap off for the moment), I would suggest that it might not be a bad idea to rent for the time being - maybe even a shorter term rental if that's possible........make sure you're happy in the area.... and get a feel for the various neighborhoods around you.
Buying a home is a big deal, and you need to have confidence in the choice you make.
There are a lot of decisions to make........ do you want to live in a single family home? a multi-level townhome? a single level apartment style condo?
Personally, I don't consider renting to be "throwing your money away" as it puts a roof over your head and gives you a place to call home..........making a more permanent decision to buy a home might be something you want to wait for a bit to make sure it's the right time and decision for you and your soon-to-be husband!
Hope this helps and I haven't confused you further!!
Not sure what your decision has been on whether to rent or buy, but I'll give you my opinion from a recently retired Marine, Entrepreneur and business owner. DO NOT buy! When your 2-3 yr tour is over you will be moving to another area or maybe he gets out and you go back to hometown USA. If you purchase you will leave Jacksonville either has a landlord and needing to rent out your house or you will have your house on the market for several months. First, everyone that answered your question is a realtor and of course encouraged you to buy, they get a nice commission check. Second, none of them talked about the decision you'll be facing in 2-3 years and what will the market be like. Today, "used" houses are on the market for well over 6 months average. Can you make an a mortgage payment on a house that you will not be living in. Rent, you call the property mgt company when the plumbing/ hvac, etc doesn't work and when you leave you don't have the worries of if you will be able to sell or rent out your house. The low interest rates and money they say you save is not worth it. Also, property insurance is going up 18% in July. That's home ownership..
Advantange of buying is your interest of your mortgage is tax deductiable on both you state and federal taxes. Your property tax is deductiable off your federal taxes and off of your state taxes if, North Carolina is not your primary residence.
Congadulations on your up coming wedding. I have been married for 45 years. I know God will bless both you during this time. I hope to hear from you soon.
Century 21 American Properties South
Wow, lots of answers and lots of questions. Congratulations on your upcoming marriage to a man who is doing a great service to the country. We appreciate his commitment and yours as well, because a Marine wife is a lot of work. There are many good points to buying a house, especially now when rates are so low, the options are significant, and the financing is really easy. My recommendation is: contact a lender, and find out if you are able to buy...I can give you names/numbers of several good ones... If they say yes....then by all means do it...it's not going to be your last house, just the next one. If they say not yet, then you can rent until you fix your credit. Then you can buy and create the tax savings, the equity build up and the home-ownership experience that will grow with you for the rest of your life. If I said anything you like, give me a call, and I will start working for your interests here in Jacksonville. I hope to hear from you soon.
Century 21 American Properties South ( across the highway from New River Air Station)
Century 21 Champion
So it's very smart of you to try to leverage your money into investing in home ownership versus renting. I would be more than happy to email you listings of homes for rent, as well as homes for sale that are comparable. And if your fiancÃ©e has time this weekend to look, we can go peek at a few homes you both might like!
Give me a call so we can discuss your options, either way, I'd LOVE to help!! Congrats on your engagement and welcome to the military lifestyle!
HomeTeam Real Estate
I guess ill be just like all the other agents and throw my name in the hat...lol!!! I agree with what very one ha already stated except no one spoke about what's good for you! I think the best advise is to look at both sides! Lay out all the facts and figures from renting vs. buying then make your educated decision! I would be happy to meet with you and show you a few rentals an a few homes for sale. Then we can sit down and do a net sheet; breaking down the figures from renting and buying. Than you at least have all the information before you choose one way or another. Please give me a call so we can discuss further. Not a bad idea to at least speak with a few agents before making a decision one way or the next. Regardless of what you decide, Good Luck! But I will be looking forward to your phone call. Thank you and speak with you soon!
Katie Jones. 910.650.9598
Keller Williams Realty
take the home off the market here is about $100 (for new construction or $500 for a bank foreclosures), most of my clients get their deposit back at closing because the seller pays for the
buyers closing cost. You also skip your first months payment when you buy. I am certified in
bank foreclosures and many of my clients have made a profit on the homes they have bought
from me in 3 to 6 months, some of made $30,000 in less than 1 year. I had a client today
that was renting for $950 and bought the same size home and his payment is $733 (including
taxes and insurance). Email or call me and I can email you a list of bank foreclosure or
other homes. Even people that are not military can buy a home here with NO MONEY DOWN
with a USDA loan from the government to buy a home in the country.
Regards, Denise Phillips, Century 21 American Prop. at chaun128 at
yahoo. 860 917 0778 phone in Jacksonville, NC
1) how long are you going to be in the area
2) are you military? If not, you may need a down payment
3) Are you married? Any children? What size house?
4) Any pets? Restricted breeds? Harder to rent with certain breeds
Give me a call or email to go over your needs.
REMAX Home Connections