beachlover I would have to agree with Bugs on that one. All things being equal right now the financing opportunities are pretty good. Do you think you would be able to sell then buy with a conforming loan?
Look I will stick to my usual line. If you only look at the pure economics of the situation…just purely economics only, and if you believe that there will be substantial depreciation in the neighborhood you want to live in… and you are willing to wait for that depreciation to occur… then the prudent move is to sell now, then rent for a few years, then buy.
I think if you are considering selling then if you don’t do it now then you may want to do it as soon as spring comes along. It would not surprise me if we get a little bump in the spring. Of course that bump will hurt you when you buy so maybe that means you sell now and then buy now…. I know it is a tough call.
As far as the board is concerned the overwhelming majority of people here will tell you to sell now and rent for 3 years and then buy but I suppose you already know that. So to be honest I would say if you can sell now and rent for a few years then yeah I would agree with that. Otherwise if not then I would sell now and get the next home.
