Values are going up and I am not only a Realtor but a licensed certified Real Estate Appraiser as well. Investors are buying and so should you. In 3-5 years your investment could go up 50k to 150k. Most people don't save that much in their lifetime. Even if you have to buy a townhome or a condo (that's big enough) I would do it. Be prepared though, it can be frustrating and take time because of the tremendous competition in the market. Feel free to click on my photo to read my bios and get my contact info. Whether you allow me to help you or anyone else, make sure the person you choose has a good strategy for beating out the competition while making offers. Make sure the agent has experience with BUYERS. Get referrals, read their bios and references. You would never go to a ENT doctor for a heart condition. This will be one of the largest investments of your life! Make sure the agent is qualified to help you. Best of luck and happy house hunting! :)
I would suggest if you are looking to buy and are going to be moving in 3-5 years you will want to find something for a fairly reasonable price with the room to build a little equity so that you can make a little profit in the 3-5 years you plan to sell. I have live din Rancho Cucamonga for over 38 years I went to the schools here which your children will be attending and know the area very well. Just like everyone has stated interest rates are at record lows which is great for you. If you would like I can run a search on my MLS in the Rancho, Upland, and Claremont area and send you the listings so you have an idea of what you would be looking at as far as price and size. Please feel free to email or call me if you have any questions. Have a great weekend.
1 Advanced Realty & Appraisal
R.E. License 01751970
Cell: (909) 292-6142
Interest rates are low at the moment. If you can get the pre-approval to purchase a home this is a great time to do it. If you have a property to sell again this is a great time to sell compared to just a couple months ago. Inventory is low and there are a lot of buyers in the market.
Please feel free to either email me at firstname.lastname@example.org or call me direct at 909-200-9280. My phone is on 8:00 a.m. to 8:00 p.m. daily. We can talk more about your options if you like. Day Creek Realty is offering excellent incentives for sellers and cash back for buyers.
Real Estate Broker/RealtorÂ®
DAY CREEK REALTY
The other benefit to buying now would be the incredibly low interest rates. We may not see the cost to borrow money be this low again in our lifetimes.
I realized after my first answer that perhaps you are renting in Rancho and the townhome is in another area. You clarified that the townhome is in another state. So, should you choose to purchase, you would need to qualify for both mortgages, unless it is currently rented out in which case a portion of the rent will be counted towards the mortgage on the Utah property. I hope that makes sense to you.
If you and your wife have a substantial income, you may be best to rent at least to start.
Feel free to call me at 909-560-5719 or e-mail to email@example.com and I can give you some options.
If you have questions please do not hesitate to call me!
John L Johnson II
CA DRE Broker Lic# 01312900
J-N-J Real Estate Services, Inc.
8560 Vineyard Ave. #404
Rancho Cucamonga, CA 91730
Sales â€“ Leasing â€“ Property Management
Our interest rates and prices have never been more affordable to purchase, the challenge is you will need to be aggressive when buying as the inventory is also at an all time low.
If you would like more information, please email me at Kelli@CallKelli.com or visit our website.
http://www.CallKelli.com for a free total market overview.
Either way, I would recommend one of the following:
(1) If you are" financially fit" with your Town home, I recommend staying put until you need to leave the State. The reason is between the cost of sale and cost to purchase, there may be little financial gain in 3 years ,and a lot of expense. It costs about 56-8% to sell your home and about 2-3% to purchase.
(2) If by chance you are upside down on your mortgage over 125% , a short sale would be a great avenue. The FHA waiting time is 3 years which would give you the ability to repurchase once you relocate to another state. This would involve leasing a property while you are involved in your studies.
(3) If you have simply outgrown your town home, you may want to consider renting it out and then you and your family can rent another property until you need to leave the state. You can then re-evaluate the market at that point and decide what is best.
If you plan to keep it, you will have to qualify for both mortgages since you don't have a rental history on the current home. If you rent, no problem.
It would be a good time to invest in another purchase as prices are moving up rapidly.
We need to discuss your options in person.
Joan Lucas 909-560-5719