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Rent vs Buy in Irvine : Real Estate Advice

  • All414
  • Local Info26
  • Home Buying188
  • Home Selling15
  • Market Conditions12

Activity 3
Sat Nov 15, 2014
Paul Youssef answered:
If you find out you don't qualify for a conventional loan I can help you find a seller to finance up to 90% of the loan. So you'd need 10% down.

Check my website.
0 votes 11 answers Share Flag
Mon Dec 23, 2013
Robert Spinosa answered:
I have a couple of thoughts on this:

1) Renting for a short time in a new area may give you an opportunity to determine EXACTLY where you'd like to buy. This is happy to know when you're not actually living in the area.
2) Moving is stressful and is also, for most, a "financial event," meaning that there could be a new job, etc. I like seeing borrowers get "settled" before they buy because often that means their application process has fewer moving parts.

Sometimes what works best is a short-term rental (6 months or so). During this time, we work on the pre-approval, get to know the area better and stand poised to be the strongest buyer possible when the time comes.

Just a few thoughts --- but let me know if you need any help.

Rob Spinosa
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0 votes 7 answers Share Flag
Thu Oct 27, 2011
Felix Hung answered:

This is now a very old question - any updates on the move?

I was born and raised in Fairfax - what subdivision is this in?

From what I heard because of the metro's near completion in Reston/Herndon home values are up. So now would be a great time to re-assess how to proceed. What did you end up doing? How long have you been in the area?

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