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Old 09-18-2006, 08:30 AM
 
7 posts, read 33,368 times
Reputation: 12

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Hi,

We are moving to Idaho Falls from Norway. We have family in IF and have visited many times, but we have never lived there. We don't know if we will stay in IF for a long time or not, but i really don't want to waste money on renting.

So my question is if we buy a fairly new house in IF (somewhere between 150-200 thousand) and want to sell it again within the next 5 years. Will we loose a lot of money?

Here were we live right now all the housing prices has been going up for the past 50 years, so everybody makes money on buying houses in the long run. Is it the same there, or does house value depreciate with time?

I really hope somebody out there understands my question and has the opportunity to answer me,

I would be very grateful

Thanx

Anette
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Old 09-18-2006, 10:05 AM
 
Location: Southeast Idaho
4,756 posts, read 16,579,604 times
Reputation: 2700
That's a tough call as until the past few weeks or so it's been a seller's market. We bought ours in late 2002 for $77,000 and had it appraised this Spring which was $98,000.

However even though things have slowed down, unless you totally trash the house I doubt you'd lose money on it. Just be careful exactly where you buy that you don't lose a portion of the property to roads that are being widened.
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Old 09-18-2006, 05:15 PM
 
Location: East Idaho
28 posts, read 232,962 times
Reputation: 39
Yes, the market is slowing down, however, Idaho Falls is still growing quickly, hopefully that will help you to build some equity in your home even in you don't stay in it that long.

I really agree with cleosmom, as long as you take care of the house I really can't see you losing money on the deal.

Good luck!
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