i currently rent a home in the centergrove area, price is affordable but i worry that i am not "jumping

Asked by Carolyn, 46143 Sun Aug 16, 2009

on this opportunity to buy a home. i am a single mom with a good job but credit could be better, last check it was 680. the problem is that i am planning to relocate in about 6-7years and i fear having a home and not being able to sell/rent the property will limit me once moving time rolls around. so i continue to rent, any thoughts? also, i am a veteran.. should i use my va loan now or hold it for another time when say the market isnt so open for buyers.

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Robert VanHo…, Agent, Greenwood, IN
Fri Feb 4, 2011
I received your email and responded. Thanks for contacting me....
Robert VanHook
Web Reference:  http://www.MyHotHomes.com
0 votes
Indy KW Real…, , Avon, IN
Sun Aug 16, 2009
Caroline,

I understand your apprehension about buying right now. There are some great programs available to purchase homes that may not be available in a few years. You have a good credit score and the conditions are great to buy right now. 6-7 years is a long time to build up some equity before you choose to relocate. I am a Realtor, but from one veteran to another, I strongly encourage you to buy right now. There are some great deals available. Go to my website http://www.GreenwoodIndianaRealEstate.info . Look at what is available. As far as using your V.A. Loan, if it benefits you most compared to other loans, then use it. I have used my V.A. Home Loan Guaranty four times. It has it's advantages. I have a great mortgage lender that can answer all of your questions about your finanacing options. Give me a call at 317-354-7410. I will guide you through everything. Even if it is for a second opinion, I would appreciate an opportunity to help you make this decision, even if you choose to work with another Realtor.

Have a great day!

Tony Wilson
Carpenter Realtors
317-354-7410
tonywilson@callcarpenter.com

Former Sergeant USMC
0 votes
Brad Osborne, Agent, Greenwood, IN
Sun Aug 16, 2009
Caroline,

As a Realtor in Johnson Co I am going to tell you that buying is a better option than renting. Of course no one can predict the future, but the market should be good in 5-7 years we are starting to see signs of stabilization now. As a vetern myself I would encourage you to look at both VA and FHA loans. I used a FHA loan when I bought my home the rate was just better. Don't worry about using your VA loan as it is reusable. I would be happy to speak with further.


Brad Osborne

Coldwell Banker
cell 258-3651
Web Reference:  http://Bosbornehomes.com
0 votes
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