Countryside HomeCrafters, LC
The area is full of people who bought during their school years, thinking they had a "can't miss" investment. Many of those people in recent years have been unloading their homes at a loss, if they can unload them at all.
Just be cautious, and don't go into the process with the notion that you will make money.
Is it a good time to buy? Definitely. Interest rates are excellent and it's still a buyers market. So if you choose the right property, buying smart is definitely the winner. However, I would suggest using this link to help you make a better decision.
Best wishes and welcome to Charlottesville.
Right now there are some excellent buys on condos in #Charlottesville. I have had many clients choose a condo because they are wanting maintenance free living, and to be located close to everything. We even have condo developments here that are FHA approved. I would love to help you in this exciting chapter of your life :)
Yes it is a good decision to purchase a condo or home, in fact your payment for the condo/home probably will be less than renting, and with the tax ramification as well, it's a certain win-win for you.
With interest rates at an all time low of 4% and very well priced properties in this area, you will be certainly pleased with your choices. I can share, show and sell you any property on the market and I've got 30 yrs. of Cville real estate to assist you in all your real estate needs.
email me or cal anytime
Karen J. Kehoe, RE/MAX 100% Club Hall of Fame, ABR,CRS,CDPE,CLHMS,SRES
RE/MAX Excellence Team of RE/MAX Assured Properties
Depending on how you feel about renovations, if you want to just keep it simple, the cash flow rule is the easiest analysis tool - if its cheaper to own than rent and you want to keep it as a rental, buying is a good way to go. Not only for the cash flow but for the tax benefits.
Hope this helps?
Licensed to sell Real Estate in the Commonwealth of Virginia
Roy Wheeler Realty
1100 Dryden Ln