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Reload this Page Opinions wanted.. (Orland Park: rent, month to, homes)
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Old 06-29-2008, 10:42 AM
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Smile Opinions wanted..
I'm a divorced dad currently renting in Orland Park staying close to my kids. I'm am currently in a nice building paying a very reasonable rent. I have have about 80K available for a down payment. I keep going back and forth about waiting or buying keeping in mind home values and rates. Can move at a drop of a hat as I'm month to month. Must stay in the SW suburbs as I'm active with my kids. I just don't know if now's the time to buy or waiting for a while is best. There probably is no best answer but I've owned a home for about 20 years and miss that part but my rent is very reasonable(cheap I think) and I don't mind living where I'm at.
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Old 06-29-2008, 02:03 PM
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Well you can stick that money into an insured CD for now and take your time, or

Have you considered looking in your children's school district? Relo Company owned homes are often the best values, in this market. A local agent who really knows the local inventory will know how to find these homes. This may make more sense than renting in the long run.
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Old 06-29-2008, 09:57 PM
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I would wait 6 months to a year to buy.
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Old 06-30-2008, 05:02 AM
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Forget trying to time the market, especially if you intend to own long-term. If you're ready to buy, then buy. If you're not, then don't.
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