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I just did this. After we had two deals fall apart selling our house because of financing we decided it was just too stressful to try and buy before we sold.
We were lucky and found a very nice apartment complex that let us rent month to month with no additional fees. We took about 7 months to buy after we sold.
One of the other benefits of this was it made us for very good buyers as we had no house to sell and were extremely flexible on move in dates.
Thanks for the feedback. I was thinking that too - that not having a house to sell and moving flexibility dates would make us more "attractive" buyers. Good to hear your experience. I am hoping (since we have 2 kids) to find a home to rent, the challenge will be finding someone willing to do a month to month lease. Or even a 6-month lease. Most I have found require a 1-year lease.
Thanks for the feedback. I was thinking that too - that not having a house to sell and moving flexibility dates would make us more "attractive" buyers. Good to hear your experience. I am hoping (since we have 2 kids) to find a home to rent, the challenge will be finding someone willing to do a month to month lease. Or even a 6-month lease. Most I have found require a 1-year lease.
I think that will definitely be your challenge as well. Apart from the complex we found the best we could get was a "short term" lease. That was anywhere from 6 to 9 months.
Thanks for the feedback. I was thinking that too - that not having a house to sell and moving flexibility dates would make us more "attractive" buyers. Good to hear your experience. I am hoping (since we have 2 kids) to find a home to rent, the challenge will be finding someone willing to do a month to month lease. Or even a 6-month lease. Most I have found require a 1-year lease.
Two moves back we did that, but we only had one child at the time and not a ton of furniture. It was good financially, but we kind of hated it emotionally. We never really unpacked, we felt a little cramped, and we never really felt like we were at "home"...but we saved good money for about 6 months which helped with the down-payment and it also allowed us to learn where we really wanted to live before we bought. So, for us, there were pluses and minuses.
Two moves back we did that, but we only had one child at the time and not a ton of furniture. It was good financially, but we kind of hated it emotionally. We never really unpacked, we felt a little cramped, and we never really felt like we were at "home"...but we saved good money for about 6 months which helped with the down-payment and it also allowed us to learn where we really wanted to live before we bought. So, for us, there were pluses and minuses.
Yes, we have thought of this part too. We think it might be a hard adjustment for the kids, but hoping that ultimately it's for the best. One of the reasons I would prefer to find a home to rent is to give us a little more space and hopefully make the transition a little easier so we can still have room for the kids to have their own space and toys out. Also, if we can find a home with a basement that is dry, it will allow us to store our unused items without having to rent seperate storage. I guess we'll just have to see whats available when we decide to do this...thanks for the info.
[URL="http://www.msnbc.msn.com/id/38415637/ns/business-real_estate/"]Home shoppers taking fresh look at renting - Business - Real estate - msnbc.com[/URL]
I used to be in love with the idea of owning a home, but that's not the case anymore. I'm glad to see that other people are thinking the same thing. Especially in California, I just don't see how it can be worth the money and effort. There's so many other nice things you can spend your money on. Renting is still a bargain compared to buying in many places.
House price is still dropping. Probably not a good time to throw your money buying property. Renting is more safe way to go. It is cheap to rent as there are a lot of vacancies.
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