Dallas/Fort Worth only had an average 1% appreciate rate over the last 60 years prior to the recession. Although it's a great time to buy if you can stay a while, two years in the grand scheme isn't a lot and you would have to really work hard to find an awesome deal and likely have to have a strategic upgrading plan in order to achieve significant profit on a short-term investment such as this.

Finding you a rental at $1200 per month is getting tighter in some areas. An average 3/2/2 house, in good shape and relatively new, is going to run about $1350 per month rent. Anything less and you start dealing with smaller square footage, condition issues, age issues, or other concerns. It can be done, but it's like thrift shopping - you have to rummage around to find the few gems in the bunch.

Due to the short time you will be a owner you may want to rent. The problem will be your closing costs at purchase and at the time of selling. In our area, your purchase closing costs could be around $4,000 to $8,000 depending on the lender's fees. When you sell in our area it could costs between 8 to 10% of the selling price to sell your home.

I think you should consider buying...in 2 yrs you will see a vastly different market than you see now...I would also suggest that loan rates may not be as low as they are currently...it's a buyer's market here in North Texas...my opinion is BUY!!! I'm doing it myself, so i'm not just giving you empty comments... :))

Will Tate
940-391-4663

If you are only going to be there two years you probably are probably better off renting we are seeing
somewhat similar situation her in our market some of the newer employees working at the
corvette plant with layoff's

Rent unless you can find an awesome buy and I mean at 50% to 60% of mkt value. Maybe a foreclosure that needs work if you can do the work yourself. You would want to find a real ugly one to make nice.

You should definitely rent if you're only going to be here for 2 years. It's a great time to buy and interest rates are low, but you would barely recover your financing costs if you bought a home and sold it in 2 years. I live in Denton and know the area well. If you have any questions feel free to call me at 940-206-5450.

Interesting question, I've helped many relocation clients that were in the same situation. I've also seen 2 years turn into 5 and 10 years when they thought it was a short term thing. I would offer this opinion in your case. You can go ahead and purchase while the prices and interest rates are low, and IF you have to move, rent out the property as an investment. Rentals are a very hot market right now, and I expect that will continue as the lenders tighten their standards on credit scores. Give me a shout through my website, I'd love to discuss it further.

Depends on a number of factors, but you're likely better off renting if you're only planning to be there 2 years. Some factors to consider:

- How much does the rent cost versus homeownership for a similar property? Many times, you can find you can rent something nicer for less money.

- How is the market - and how will it be in 2 years? How easy will it be to sell? How much will it cost you in closing costs to sell? If the prices go down in your area, would you want to sell in 2 years and take a loss? What would your other options be?

- Do the tax advantages provide enough incentive to you?

- Have you checked out the total cost of ownership? (Mortgage, Insurance, Property Taxes, upkeep/repairs)

It depends on your short / long term goals with purchasing a property although you state approx. 2 years. You could purchase a home below market value have annual tax benefits, either sale OR lease property out.

We work with residential sales, AND lease many options are available

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