Asked by Melissae1, Ballwin, MO • Thu May 9, 2013
We are relocating from FL to the St. Louis area this summer for my husband's job. We are most interested in the Ballwin/Chesterfield area (Rockwood School District as my daughter liked it best of the ones we looked at.) It looks like the market there is turning around and we've been told there are more buyers than sellers right now.
Normally we would rent for a year and then buy after getting to know the area, but it looks like buying might be a good choice right now. Marketwise, should I try to buy immediately when my husband gets there in June (tough, since I can't get up there until then either) or rent for a year and hope the prices don't go up too much?
As an aside, where in the world are the reasonable rental properties? We see very few at all, and most of them are priced much higher than a mortgage on a comparable house.
Thanks for any insight!
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