Good Morning,I would be happy to discuss your options.
Now is an amazing time to buy. Interest rates are low. Regarding your concerns on possibly selling in 3-5 years, the average homeowner owns a home for 5-7 years due to a growing family, relocating, downsizing, etc so it is common. The amount of equity you can make on a home and the tax benefits are so beneficial. Rents continue to increase. Especially on the Seacoast. Please let me know if I can help.
I would suggest finding a Buyer Agent to represent you in the Home Buying process. (If the home is in NH, I am happy to help). If in MA, please give me a call and I can recommend an Agent.You need to be preapproved but many foreclosures are cash sale depends on their condition but you can find some gems out there and still finance.Once you find a home, an offer is submitted, the Bank takes approx a week to return their response on a Foreclosure, (negotiations), offer acceptance, ensure Title is clear, you could and should have an inspection but the bank may not pay for repairs (depends on severity of repair need usually), Appraisal, maybe more negotiations, close. There are other pieces that go with the home buying but this would be it in a nut shell.If you need assistance, I am happy to help.Melani TaillonBetter Homes and Gardens/The Masiello Group[contact information deleted by Zillow moderator. Please see our Good Neighbor policy for posting guidelines]
Great question. The Home Buying market is very active right now. It's a great time to buy-interest rates are still low. There are fewer homes on the market right now (inventory is low) so if you want to buy and find the right home, make an offer. If you would like to know how much home you can afford and also ensure you are preapproved for a Mortgage, I would suggest contacting a local Mortgage company or your Bank. This way you know the price range to search in.Lastly, if you do decide to relocate and choose to rent the home out you can most certainly have your home with a Property Management Company. This way you can be a long distance landlord. Please feel free to give me a call if you would like to start your home search. I'm happy to help.Melani Taillon[contact information deleted by Zillow moderator. Please see our Good Neighbor Policy for posting guidelines]