“We know this is not the house we wanted. but if we can buy this house in low price we do not need to move. Latter on if we find the right house we can keep this one as a renter.”
So why, why why why would you buy a house that you don’t want? What happens if you buy it and there are some future circumstances that dictate you having to stay there? Look I know moving sucks, I have had to do it 3 times in 4 years. With our kids and dogs and houseload of crap it is a very large undertaking. Finding a rental that will take our pets has been much more then challenging.
However I can find no compelling reason to purchase a home that you really are not in love with. Don’t be a slave to instant gratification. I will tell you 100% right now that making a purchase of a home simply because you want to avoid a move is a recipe for regret down the road. Furthermore, those with aspirations of being able to buy now, convert to a rental and buy later are possibly rolling the dice. The lending standards are in a state of flux and if you think you will be able to apply 100% of the rental income on that home to your application you may be dead wrong.
Look, if you wanna buy a house buy a house. Shop around, compare, get what works for you, get what you think will be a residence that you will be happy to live in for a long time. Get what you can afford. I am sorry for harping on you but buy a house for the right reasons, not because moving is a pain in the ass.
Now if you look around and cannot find something then so be it. Maybe you will fall in love with the home. You can find yourself an agent to represent you or you can approach the owner and ask him to contact his listing agent, (which I do not recommend) but it is an option. It may give you an inside track, which is unethical, but I am working on reality, not theoreticals here.
Anyways, my advice would be to go through the purchase process, or possible purchase process in a more comprehensive manner, if you are going to do it at all.
One final word… we are not near the bottom yet for many areas. The location of the home has some bearing on how far off we are from the bottom.
