Alexandraginae, Based upon your statement, you are leaning towards buying a place to call home.
The upside of buying is that it is truly your home and pride of ownership is a wonderful thing. Sounds like you have first time homebuyer jitters. The first step is to get yourself pre approved for a mortgage. Going through this process will help you to organize your financial papers, matriculate you through a series of steps that may be overwhelming (at first) but increase your awareness of yourself, your financial discipline and set realistic parameters for you to consider regarding affordability of homeownership.
The gas cost and vehicle wear / tear associated with your commute is adding to your overall monthly bills, possibly 100-200 hundred dollars. The process of mortgage approval may be the tipping point that you need to best evaluate your options.
The rental market is very active and can be costly. If your commute is shorter, you might be able to afford a higher rent? If your monthly payment for rent or a mortgage is pretty much equal, then look at the cost of the downpayment, and ongoing maintenance costs related to home ownership. Keep a journal of the process, your thoughts along with a wish list.
Sounds like your concern is timing. If you shift from renting to renting or renting to homeownership figure at least one month of double expenses to make the transistion. You can do it and achieve your goals/dreams. You can get started today!
Brock Realty Inc.
If you'd like to search the MLS like an agent in real time, you can visit our website and sign up for a free Listing Book account. You will be able to change the search criteria to suit yourself and received morning reports regarding new listings, price changes and recent pendings.