Is it worth buying a house then sell it in 2-3 years?
965300
It could be, but it depends on the market where you are and how much you pay for it initially.  I bought a house 8 years ago for $230,000 and sold it for $430,000 7 years later.  The market was really a seller's market (about 18 months ago) and I had done a few upgrades (new windows, added a deck, new carpeting, etc.).
79604
Situational... \n\nIf you do choose to buy you will get equity over time and don't have to worry about mortgage rates inflating (unless you have an adjustable rate), you can also deduct some of your mortgage and real estate taxes, which you are unable to do otherwise unless you exceed the standard deduction. Depending on the rates, payment, market cycle etc. it can be better to take your mortgage and invest in mutual bonds and the stock market which sees a long term return of around 8 percent. Buying is not necessarily something you should do for the investment as there are other ways to get higher returns on your money *and often more reliably*. \n\nIt is probably not a good time right now to buy; right now it is generally a sellers market I think, as prices have recently been exploding all over the world. I’d save your money at this time and when the market cycle ///demand for houses drop and poeple are willing to sell for less, and then is a good time to buy and wait for it to turn into sellers market again to get a return on ur investment. \n\nLease for now and buy when the market stabilizes is probably going to be the best for you, but then I don’t know your situation.
431953
Not really.  If you don't even want to use a firm like FOR SALE BY OWNER, which makes it a bit easier, you should look into buying a home selling kit at your local office store or maybe online.  It will contain all the forms to get you through the whole process.  Make sure on any disclosures about your home that you are truthful.  I can't tell you how ugly it can get if you're not and the buyer catches you on it.  If you want, you can contact me, I have been a Mortgage Broker for about 6 years, I'll answer any other questions for you at no charge..     IM me at jeremyday1978   for yahoo.
887319
In my county, they hold a tax sale on a certain date after the last tax payment is due (usually it's a month after the 2nd installment was due)...and...you have 3 years to redeem your taxes (plus interest plus fees, it's not too much actually)---if in that 3 years you do NOT redeem your taxes, then the creep that "bought" your taxes PAYS your taxes and THEY OWN YOUR PROPERTY!\nWord from the wise: DO NOT fall for any "we'll pay your taxes for you" mortages, or services, etc. These are all scams. If it sounds too good to be true..>IT IS<!!!
510814
It's depends on where you are and what the market is like. It's getting harder now since the interest is going up and people who could afford to move up before can no longer afford doing so. Starting in spring till the end of the summer is the busiest time for the agents. If you don't make a sale by the end of the summer, I'd say take a side job.
571572
Buying real property is not like purchasing stock.  Purchase it with the intention it is your home for 4-5 years.  Your return will be on your taxes -  You will gain equity and you can right off  the interest on the loan, & the taxes on the property and get a refund from the Federal Government and possibly State taxes. Waiting has thus far proven that interest rates rise and houses may come down a little, not enough to cover the interest rate hikes.  Speak with a loan officer to find out how much you can actually afford.  Renting is just throwing your money out the door with no return. I am a homeowner and have now been rewarded with a return of equity of over 275% and I still won't sell.  My investment was overpriced in 1971 and I now have an unbelievable return on my investment.  Don't think short term, think long-term and when the price is right sell it and move on.
997727
Probably.  It depends how you look at it.\n\nOver the long term, stocks & real estate will probably give you the same return on the dollar (learned this in Finance at University of Chicago nobel prize winner).  However, that may vary in the short run/shorter time horizons (e.g. over 10 yrs or less).  Recognize you usually own a home for longer & usu get a 30 yr loan.  Lately, obviously real estate has been doing better than the stock market.  But, with interest rate hikes, the real estate market seems to be cooling off.  And, real estate can differ greatly pending on the house you buy & its location.  I do not claim to be an expert and you may want to speak w/ an objective real estate agent (if you can find one).\n\nThat being said, in general buying is almost always preferable to renting as your monthly payments will be lower, esp as time goes on.  This, in turn, will allow you to save more so you can invest it whereever you want to.  Usually rent increases year after year; but, your mortgage payments will be the same as they are today for 30 yrs.  I say this as someone who has rented the last 10 yrs & wish I had bought sooner.  My apartment just went condo & I bought it 2 months ago.  In retrospect, I wish I had done it sooner.\n\nI read an excellent book on the subject that was very educational for first time buyers.  It's called "The automatic Millionaire Homeowner" by David Bach.  It explains all the basics & how to think abt mortgage options and what might be right for you.  It was really helpful.   A few months ago, I was a complete moron on the subject...now, I understand what others are talking about.
811122
Leasehold houses don't start losing value unless the lease has less than 30 or 40 years left to run, but mortgage companies may get worried if you want (say) a 25-year mortgage on a house with 50 years left to run on the lease, because the value may start to drop before the mortgage is fully repaid.\n\nYou can buy the freehold or extend the lease (compulsorily, once you have owned for a couple of years), but the price rises steeply as the end of the lease approaches. \n\nIf you only aim to own the 100+ year house for a few years, you should be OK, but eventually a stage will be reached when its value starts to drop.
246913
Live in the home for 2 years. You can also sell the home and buy another rental property. Its called a like exchange. Those are the only two Ways that you can get out of paying capital gains. If you don't want to do that make sure you add everything you have ever done to the rental property in the last 8 years to the basis of the house. (landscaping,repairs,trips to check on the property and to sell etc.)
770069
it does not matter how you save..just save..and save..in 2 years a lot of things can change..so start saving now and you will be prepared to buy a house or if you change your mind ..at least you have money ..and no debt..\nsave now and worry about the details later..enjoy your life while you are saving...\n2 years is away.. is not now...
269164
It depends. If your financial life is in order and is able to get a loan then you can conceivably buy a house and move in it within a month. But this also depends on if there's a lot of houses for sale where you want to live.
850223
It depends on the market in the area you live. It's hard as hell to get started, as most of you business will come from word of mouth. You'll work your butt off and it will take months before you sell your first house (usually). But once you get a few under your belt, and build up your clientele, then it's a good career to be in, as long as the market doesn't dump. Make sure you have another source of income while you're getting your license and getting started, as there's no money in the beginning! \n\nGood luck
627180
Well right now it's starting to become a buyer's market. Houses are not selling like hotcakes right now. They are staying on the market longer. This is an advantage for you because prices can be negotiated in your favor. I would wait a few more months and see where the market is then because it hasn't quite changed totally.
91765
Whether you should rent or buy really depends on a lot of factors.  If you only need a place to live for a short term, you should rent.  If you want a place to build equity over the long term, buy.  However, if you buy now, don’t expect to see the massive increases in property values we’ve seen over the past few years.  The housing market is cooling some, so prices are leveling off.   That in mind, the housing market has historically performed very well as an investment.  I wish you all the luck in your venture.
382338
Yes and no.\n\nI have purchase a house in short mortage basis and another on a longer mortage.\n\nYes, it will put your payment issue over as quickly as you can, straight up your budget/finance and become liquid again in 2 years.\n\nNo, my opinion as a person having monthly paymnent on home, by paying off early, your business relation with your banker is only that long, not long enough to establish a better relation. \n\nOne thing I learn from a CEO, you don't always borrow money from the bank because you are financialy short, you borrow because you need to establish a relation with the bank, in a way that someday when you need to have a credit line, bank knows you enough that they can give you the loan instantly. By having a longer term payment, making your payment on time, keeping a good record, you become a favorite client of the bank.\n\nAnd someday, just maybe someday you have a good business opportunity, your bank will be your saviour.
45635
First pointer: Avoid the scam listed above.\nIts listed here also: http://answers.yahoo.com/question/?qid=1006012204009&r=w\n\nIf you are looking to start investing in the real estate market, be very cautious.  Many hot locations are expected to see a cool off in the next two years.
138462
Lots to consider, what is the appreciation in the community that you are living? What does it look like for the next five years? With home ownership your interest is a deduction from your ordinary income? What is your present rent? Over 5 years.?\n\nWhat are present market value of the sold homes?\n\nGenerally home ownership is the way to go.\n\nGood Luck