As both a homeowner and a lawyer, I wouldn't recommend that you buy a home for just 2 years. If you add up the closing costs for a buy and a sell, plus homeowner's insurance, taxes (they're high) and no guarantee that there will be much appreciation, you're better off renting. Rentals are fairly reasonable and you'll have your choice of neighborhoods.
It's hard to manage a rental from a distance and is not recommended.... more
Hi Woodbridge, Unfortunately, it is likely your house has gone down in value in a big way. Maybe as much as 30%.
Facts such as condition and curb appeal are major factors that can effect the overall value. Also, many of the homes on the market today are not up to snuff with competition in surrounding areas. When buyers looked in specific towns Woodbridge had special things to offer. Now with new buyers willing to commute a little and shop a lot, Woodbridge has to get more competitive with surrounding towns.
Without knowing your specific house, I can say that in Woodbridge, most homes would do better with targeted improvements and upgrades to match what is selling in the market.
Please feel free to ask more specific questions.... more