Asked by Nova1sttimebuyer, Manassas, VA • Sat Feb 9, 2008
I currently work and rent in Manassas. Even though I may move in 2-4 yrs., I am thinking about buying for the first time partly due to the market and partly to start gaining equity rather than paying rent I'll never see again. My range right now would probably be in the $200k to $250k range, though I'd consider higher for the right place (or lower for decent value, of course). I am not confined to Manassas, and may even prefer somewhere closer to DC (Centreville, Fair Oaks, etc.) as long as it's along 66. Condos are attractive for amenities (gym, pool, etc.), but I'm open to townhouse/small single fam. as well. Just seeking some general opinions regarding comparisons between these general areas and pertaining to my situation (not buying a permanent home, just somewhere to live for a few years and be able to re-sell at least close to original value). I realize condos are more volatile, but wouldn't they reach a greater market size regardless of value?
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