Catrina, Home Buyer in Texas

We are relocating to the dc area for two years and prefer to live in Woodbridge. It is better for us to rent

Asked by Catrina, Texas Mon Apr 7, 2008

or buy?

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Answers

5
This is a tough question. I suspect you are military. The Woodbridge market is coming back. It has been
crushed with foreclosures, but good houses are being snapped up. Rents are on the increase and you might not find a home in the area you really like. Schools are an issue. If you can purchase a property below market.. my advice is to get in now. Prices are starting to increase and continue through the rest of this year and into the spring. By the time you are ready to move again you will have equity in your home. The tax benefits of buying far out-weigh renting.
Johanna Devon, Principal Broker
Devon Home Realty
http://www.devonhomerealty.com
0 votes Thank Flag Link Wed Aug 6, 2008
Please contact me at 703-494-3000. We are a Family Relocation Center and can help your whole family make an informed decision. Regards, karen Woods
0 votes Thank Flag Link Tue Jul 29, 2008
Two years is not a long enough time to get a good return on a real estate purchase. If things remain flat and prices don't appreciate, it can cost you if you want to sell in two years. If you're willing to purchase a home now, and keep it as a rental property, it could make a worthwhile investment over the long term. Location plays a big part in the picture as well, if you can get closer to dc, that will help.
Web Reference: http://www.MovingToNova.com
0 votes Thank Flag Link Sat Apr 12, 2008
Hi Catrina, Woodbridge is a great area to live in. I've lived here all my life. Renting would be OK if that is what you want to do. There are so many homes at such great buyer prices now though that I personally think buying is the best idea. In 2 years the market is expected to turn around and you should see a good return on your investment.
Web Reference: http://www.erabdr.com
0 votes Thank Flag Link Wed Apr 9, 2008
If you're moving again in only 2 years, then rent. Follow the link below for a story I wrote on this topic in January.
0 votes Thank Flag Link Mon Apr 7, 2008
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