I am thinking of moving to Albany, my boyfriend lives there with some friends. We are thinking of buying. Is it a good time to buy now or should we rent first and then buy? i don't want to commit to a 1 year rental lease and then the market goes up next year, i'll have to pay more for the same house!

please help!!!

Considering that the fed just lowered the rates I would wait and see hwat the housing market does in the next few months...you don't want to jump the gun and buy nor do you want to be stuck in a year lease.

 Wait it out and see, good luck!

Hello,

I would wait and not considering buying at this time . As the next year is an election year

Have a  Blessed day

Tushar..

www.creatingwealthpro.com

Good luck with the decision you make!  its definately a tough market right now!

Hi Jennylee,

Buying a home is a commitment. I tell all my clients that you really have to have to mindset to be in real estate for the long term. It moves in cycles and you need to be ready for that. Any place can be a home. If you are comfortable with the responsibility of a mortgage payment and the maintenance of a property, then you could be ready. There are buy vs rent calculators online to help you in making that decision.

Good luck to you!

Heather

Hi, Jennylee!

The Albany Area is enjoying a very stable housing market.  We have a balanced market with quality houses on the market and quality, qualified buyers looking.  We are finding houses are on the market for a longer time (average is 6-1/2 months to 11-1/2 months), depending upon the location of the property.  Buyers are tending to take longer in looking for just the right house, knowing houses are on the market for a longer period of time. I currently have a family that is moving into the area (job transfer).  He is renting month-to-month while their house is on the market.  When they have a secure contract on their house, they will look for a house here.  At that time they will decide whether to rent a house for 6 months or buy now.  We have sent them alot of information about the area and they have visited 2 times and driven around to see the different areas.  They feel they have enough information now to enable them to make a good decision when the time comes.

 I'm sure your boyfriend has an idea where he would be comfortable living.  Our area is growing because New York State is giving technology companies signicant tax credits for coming into our area. We also have a number of quality local engineering colleges that makes this a desireable area.  As a result of all this, the capital area has been able to attract Advanced Micro Devices (planning to build in March) as well as other corporations working with microchip fabrications.

If you would like more information, I would love to talk with you.  My email address is:   mingraham@weichertne.com 

This is an exciting time for you!  I wish you well as you proceed with your investigations!

Hello Jenny 

I am thinking being an investor, hold on for now ,but if you need to buy then proably buy a distress duplex and leave in one and rent in another so the rent pays your mortagage or at least have some help.

Tushar

Stop worrying this software swells up bank accounts.

http://www.creatingwealthpro.com