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08-07-2006, 01:36 PM
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Housing market questions
My husband and I are moving to the Fort Worth area at the end of year and are planning on buying a home. We will only be there for about 18 months and then will most likely want to sell our house then. Will we still make money on our home? Here in Arizona our homes have been appreciating by at least 10% a year and last year by about 30%. Are the homes in Fort Worth area appreciating and at about what rate? Thanks
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08-07-2006, 01:41 PM
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Bold prediction required!
I think you need the services of an oracle for that...
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08-08-2006, 12:26 AM
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I can answer that and I haven't move there yet. I have been following the Real Estate market for a year and half. It is getting harder to find houses that in my price range unlike a year ago. They still have some pretty good prices though. But, yes you would probably profit at the end of your stay.
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08-08-2006, 12:42 PM
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Quote:
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08-08-2006, 03:55 PM
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The homes here are not appreciating that fast. 3-5% is about it, right now.It would also depend what type of home you buy. A fixer upper that is under market value may afford you some profit at the end of 18 months. It may cost about 10% to sell the home. Remember to obtain a mortgage without a prepayment penalty to help.
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08-08-2006, 04:06 PM
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Assume that you buy the house zero down/no closing costs. Factor in the amount of time it will take you to find a house and do all that's required to purchase and then go through the same when selling.Do you honestly believe that it will appreciate enough in that small time frame to offset your costs? Even with the property appreciating 3-5%, it will all be eaten up when it's time to sell it.
And all this is based on the assumption that you will find the house before getting here and it will be sold when you're ready to leave.
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08-08-2006, 11:15 PM
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Thank you. These are all good things for us to consider. I have heard that Texas is the next booming state within the housing market, so this is why we were considering buying. In Arizona where we live the housing market has skyrocketed in the last 2 years. We would really want to purchase a home but am worried we will not profit or end up losing money because it is such a short time frame. Renting could be a possiblity after we leave but thats a whole other post I am sure.
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08-14-2006, 11:02 AM
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Try Austin
Hi!
If you want a profit after 18 months, try Austin! Austin is booming right now and real estate prices are going crazy, especially in the Central Austin area (close to downtown). 
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