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Rent vs Buy in Needham : Real Estate Advice

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Wed Jun 30, 2010
Paula Callanan answered:
Your current house in Needham will always sell better with your possessions in it than if you wait to sell it when someone else is renting it. And the market is good right now so I would not hold on to it if you are moving out of state. As far as Annapolis goes, do you know family or friends that live there? If you had a personal contact who could steer you to the right school district and give you the inside scoop, interest rates are so low it would be nice to take advantage of buying and moving only once. I personally moved my family from Needham to Tampa, FL in the early 90s and there were a ton of executive single family rentals in great neighborhoods and there was so much building going on we weren't sure where to buy. Turns out that was a smart decision because the area was so overbuilt with new construction we would have lost money if we had bought a house because we were transferred back 2.5 years later and could just walk away. Renting with an option to buy could be a possibility if the market was oversaturated with listings. Do you mind packing and unpacking? How long will you be in Annapolis? Lots to think about but it is exciting to move and discover new places and Annapolis is sooo beautiful! Best of luck Paula ... more
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