There is no guarantee that you could resell in a small town or even in a big city in a short time if you had to.
If you are looking at buying and selling in 2 years just the realtor fees alone will guarantee you a financial loss. In 2 years you pay off almost nothing on a mortgage. Look below to see what I am talking about.
Does it make more economic sense to rent or to buy? Find out below.
Why renting could really be the cheapest option even if buying appears to cost less per month.
Be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously, therefore visit with any licensed officer to determine qualification; there are other factors besides credit involved, such as income, debt, etc., then go from there.... more
For a single story house; you simply measure the sides of the foundation, and do the math. You excude the garage, it is not a "living area".
For a two or three story house, it get more complicated.
Notice that the sqfootage includes walls, stairs closets and spaces for ducts.
For a lot that is rectangular, it is simply length X width.
For a trapazoid,YOU will have to do the math:
Good luck and may God bless... more
You need to contact a mortgage an approved for a loan. With the lender letter presentated to realtor will notify the realtor how to work with you for your best interst. Know what you are looking for, number of rooms, baths, and etc. Establish your short/long term goals for your home purchase.
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What a nice gift for you from your aunt! You may want to start by asking a title company near the location of your land for help. Each title company has to have a real estate lawyer working with them. Your aunt will need to sign papers, but everything can be done by mail. Also if you have your own lawyer, he/she can help you with the transaction.... more