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Old 05-22-2010, 03:57 PM
 
Location: North Fulton, GA
1,154 posts, read 2,285,102 times
Reputation: 647

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I will be the dissenter here. I think that the interest rates, prices and motivation for sellers to sell are huge and can make a difference as to what you can afford for monthly mortgage payments. If you sell your current house at the bottom of the market and wait, you may get less of a home than you hoped for.

However, you need to feel comfortable with the area, school district (your kids will be socializing with other neighborhood kids even if they don't attend school with them). Do research (I used to read Atlanta magazine, and AJC as well as City-Data). Your husband can also ask around at his new job for recommendations. Another trip down here and you might find the neighborhood of your dreams.
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Old 05-22-2010, 03:59 PM
 
Location: East Cobb
2,206 posts, read 5,974,025 times
Reputation: 907
Quote:
Originally Posted by roxyrn View Post
I will be the dissenter here. I think that the interest rates, prices and motivation for sellers to sell are huge and can make a difference as to what you can afford for monthly mortgage payments. If you sell your current house at the bottom of the market and wait, you may get less of a home than you hoped for.

However, you need to feel comfortable with the area, school district (your kids will be socializing with other neighborhood kids even if they don't attend school with them). Do research (I used to read Atlanta magazine, and AJC as well as City-Data). Your husband can also ask around at his new job for recommendations. Another trip down here and you might find the neighborhood of your dreams.
Asking new colleagues is a first-rate suggestion. That was very helpful to us.
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Old 05-24-2010, 09:27 AM
 
28 posts, read 78,590 times
Reputation: 25
RENT!!! My wife and I are relocating to Alpharetta in a week and went through the same angst. We are renting a house in a good neighborhood for about $1300. Am I throwing away a little money in rent vs. principle....sure. But not really when you factor in the fact that if we bought a house, our mortgage would be more than $1300 and we would have to eat all the expenses associated with a house. What I am really buying when I rent is some TIME to make a better decision.

I agree that interest rates are likely to tick back up a bit, but the prices of houses are going nowhere. Home prices (even if slightly recently) are NOT GOING HOME. You will still be able to steal a great home a year from now......probably 4 years from now too. JMHO!!
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