I have had this question asked the last several weeks and thought I would repost…With mortgage rates at a record lows and housing prices remarkably low, it may be a very attractive time to buy a home in the Williamsburg area. However, before you decide to take the plunge, think thoroughly. There are several factors you should consider ahead of time very carefully. First, how long do you expect to be in your new location? If you are only going to be somewhere for a year or two, depending on the location renting may offer the most flexibility with the least risk. Second, assess the market conditions of the new location carefully. Have your Realtor share the rental trends. If you are planning on retiring or pursuing a civilian career after moving, you may consider purchasing a home because you will be there long enough to realize a gain in your investment. In any event, nothing is guaranteed but thinking it out ahead of time will keep save you from making a potentially costly mistake. Also, keep in mind that you may not always be comparing apples to apples. The house you are buying and the house you are renting are rarely comparable. The Trying to predict the future of home prices or mortgage rates, both of which would impact, the rent –versus-buy decision, can be just as challenging. Consider your gut as well as the numbers. You do need to be rational about the choice, but it is also based on your feelings about the kind of life you want.
I am a REALTOR with Liz Moore & Associates Also; I am part of the Liz Moore & Associates’ Military Team which specializes in homes for sale in James City County, Newport News, Hampton, York County, Poquoson, and Williamsburg, VA as well as surrounding markets. I offer Active Duty friendly support to families relocating to Langley Air Force Base, Ft. Eustis, Yorktown Naval Weapons Station, and Cheatam Annex. When you PCS to Hampton Roads, VA you will find that I understand that when a family member joins the military, the entire family belongs…thank you for serving our Country, and I look forward to serving your real estate needs!
When you are transferring to Langley AFB, Ft. Eustis, Yorktown Naval Weapons Station or Cheatam Annex, if you’re interested in buying a home for sale call 757-651-3763 begin_of_the_skype_highlighting 757-651-3763 end_of_the_skype_highlighting or e-mail me at firstname.lastname@example.org