On the one hand itâ€™s a buyerâ€™s market and interest rates are low and it would be a great time to purchase a house. On the other hand, I donâ€™t know the geography or what neighborhoods are good or bad or indifferent, or the traffic patterns or anything like that. I donâ€™t know exactly where I want to live. So I could rent for 6 months or a year and learn all of that. But if I rent, Iâ€™ll have to rent a house, because I have a dog and she needs a yard to run around in. Iâ€™m not certain what rental prices are like, but Iâ€™d imagine around $800-$900. Thatâ€™s really only $300-$400 less than a mortgage payment could potentially be, so it just seems silly to be throwing all that money into a rental house where Iâ€™m not going to get any equity, and where I donâ€™t have tax-deductible interest. However, with a mortgage, Iâ€™m only going to be paying off around $200-$300 of principal each month anyway, so I could instead rent and put the $300-$400 Iâ€™d save into a savings account and use it to make a larger down payment on a house when the time comes, and then Iâ€™d have more equity in the house than I would have had if I had bought a house immediately.
I know that you all make money by selling houses, but I'd like your honest advice as people, not agents. Should I buy now or rent first and buy later?
I have lived in Hillsboro for 28 years, and we have a gold colored lab, who needs a lot of room to run around. Many of my clients are looking in that price range, and I am well acquainted with homes in the area for that price range. I can send you listings online to look at, as well as show you around when you are in town and available.
My goal is to help move you forward in your timeframe, make the transaction as smooth as possible, and place you in the strongest negotiating position. I would be honored to represent you.
Windermere Baldwin Properties
I will be more than happy to help you find a home. Check me out at http://www.sunnyoregon.com.
Re/Max Equity Group, Inc.
1300 NE 48th Ave. Ste. 500
Hillsboro, OR 97124
Also good advice on the first post about checking with a lender about what you can qualify for. You can do some internet searching for properties from many websites that will help you to get an idea of what is available in the area in your price range. My link is provided below and you can use the property point box to circle an area of interest and see what the list prices for homes are in that area to help you get comfortable with availability and pricing. You might also consider Aloha which is nearby and has an increased selection of homes in your price range. Good luck
I count over 160 active detached single family homes within reasonable commute distance from most of the Intel facilities, priced under $225,000. Of those, 17 are located on lots of 10,000 to 15,000 sq. ft., so there are options, but will depend on your other housing needs (bedrooms, storage, condition, etc).
The first poster is right -- you'd be best to have a lender run your income, debt, credit score, employment history for a solid picture of what you will qualify for. Any agent you choose will be able to recommend reputable mortgage professionals to contact.
I own the Re\Max Office here in Hillsboro. This could be a stretch indeed but there are a few that I am working with.
Send your email to email@example.com and I will forward you a complete list fo options for you. There are plenty of dog parks and areas near parks so getting her out should not be an issue. If you did not already know this is a big dog friendly area and community.
Email or call. You do not need any other referral. My team has been here 25 years and can offer you some specific benefits for working with us!
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