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Should I Consider Buying If I Am Only Staying 2 Years?

By
Managing Real Estate Broker with Platinum Properties- (931)771-9070 TN Broker: 208698

 Should I Rent or Should I Buy?

Rent or buyThis is a good question and many home buyers ask this when they move to Clarksville, TN. You see Clarksville is a military town and the Army can be very unpredictable and move soldiers around much sooner than was planned. Even with being told the job is going to last 2 to 3 years, buyers are skittish in purchasing a home when they know they are sure to be leaving the area in the future.

There are several things to take into consideration if you are considering buying but not going to be staying long term in the area.

  1. Do you have pets? Many times you will not be able to rent a home if you have certain types or numbers of pets. This is a good reason to buy your own home and to get one with a fenced yard.
  2. The market may not have any rentals available. Rents can be high but more than that, they may be scarce or in locations you do not want to live. Buying may be better for you and give you more options.
  3. Do you like having you own home and the freedom to decorate, paint, landscape the way you want? If this is true then buying a home even for a shorter term period can be very satisfying and make you happy.
  4. If you indeed move in a couple of years, the market may have appreciated and you may have no trouble selling your home. On the other hand, if that is not the case and it doesn't sell, homes in Clarksville rent rather easily and this could be the start of a good investment portfolio.
  5. For those with a VA Eligibility, you can buy with no money down and sellers in Clarksville are still paying a bulk of the clsing costs for the buyer. This means that buying could be more affordable than renting and paying high deposits and first and last month's rent.

Check out the available homes for sale in Clarksville TN. You might just see one you like.

Above all, you need a good agent that can help you sort it out and show you your options. When you want to consider whether buying is for you, contact The Real Debbie Reynolds at 931-320-6730.

Posted by

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's a good question and most of the time it makes more sense to rent.

Jun 14, 2017 05:49 PM
Dorte Engel
RE/MAX Leading Edge - Bowie, MD
ABC - Annapolis, Bowie, Crofton & rest of Maryland

Dear Debbie,

If they can rent for at least what they are paying in mortgage or preferably a little more, I would always suggest buying. Once they move, rents may have risen enough to cover some property management. If you keep the home for the 30 years of a mortgage, someone else will pay it off for you. Pretty sweet deal. All you need to do then is save for your next down payment.

Jun 14, 2017 07:24 PM
June Piper-Brandon
Coldwell Banker Realty - Columbia, MD
Creating Generational Wealth Through Homeownership

This is a great question and one I got asked recently.  Great answer 

Jun 14, 2017 09:22 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Excellent question!  In your transient market I bet you hear this a lot.  I think it's a great idea unless there are signals that the market is not appreciating.  But the pet situation is a definite reason to buy.  I'm dealing with that right now with a buyer.  Their 2 dogs are large breed and not many homeowners insurance policies will allow those "dangerous" breeds. 

Jun 14, 2017 09:27 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

All in due time I suppose. But you did the right thing and you're doing the right thing throughout your career, Debbie

Jun 14, 2017 09:50 PM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Congratulations on the featured post. I hope consumers will read it.

Jun 15, 2017 03:29 AM
Shirley Coomer
Keller Williams Realty Sonoran Living - Phoenix, AZ
Realtor, Keller Williams Realty, Phoenix Az

Great points to consider.  Appreciation is wiped out with the cost to sell the property, however, a buyer should consider all your great points and make an informed decision!

Jun 15, 2017 05:48 AM
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Coldwell Banker Realty

Debbie Reynolds "Buying may be better for you and give you more options."

Right on target - and - re-blog!

Jun 15, 2017 08:02 AM
Doyle Davison
Hawaiian Beaches Hawaii - 714-968-6767 - Huntington Beach, CA
30 years as your Concierge services listing broker

based on the Headline. there are definitely more pro's than con's to buying a home even in a a short time period.  I think It highly depends on what are the plans after the 2 year change.  Most importantly are they going to have an income that can afford paying the mortgage after 2/nd year. that is unless they pay cash for the property which is about 30% in some areas. Real estate has a lot of commonalities like insurance. Each and every deal is different and have their own set of challenges. In general, your right, real estate has been one of the most solid investments one could ever make and gives you a lot of freedom. It can make you rich, but on the flip side, it can also take you down a very frustrating path if you run out of money. Uncertainty and stress can also lead to mental and physical health problems which we usually don't take into consideration in real estate.  post really got me thinking.... have a great day my Realtor buddies...

Jun 15, 2017 08:53 AM
Dr. Karen Lewis, Broker 954-2489149
Align Right Realty K1 Group - Fort Lauderdale, FL
No Compromise When it Comes to Our Clients!

I think one should buy if they are able even if it's two years..And you definitely gave some good pointers on why should be in that area..

Jun 15, 2017 10:52 AM
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

Great post Debbie.  Why not reap homeowner benefits for those two years.  Rentals are usually a good investment or resale and move on. 

Jun 15, 2017 10:06 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is what I believe too, Melissa Jackson. Some buyers are just scared.

Jun 15, 2017 10:59 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Karen, With rising costs it looks like it would be a good investment worth considering.

Jun 15, 2017 11:01 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Doyle Lee Austin Davison Iv, my dad was one of those they did not do well with ownership. He sold and rented the last 20 years of his life and that made hime happy.

Jun 15, 2017 11:03 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Thanks Tony and Suzanne Marriott, Associate Brokers. I appreciate you sharing the post.

Jun 15, 2017 11:04 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Gita Bantwal, I sure hope they will read it too.

Jun 15, 2017 11:05 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Hi Shirley Coomer, Some neighborhoods will not bring a good return but there can be other advantages.

Jun 15, 2017 11:06 PM
Tammie White, Broker
Franklin Homes Realty LLC - Franklin, TN
Franklin TN Homes for Sale

My son recently bought a house in Nashville. He is a first-time home buyer. His original plan was to sell in 2 years which concerned me given our hot seller's market. Clearly, anything purchased right now is over-priced. However, given high rental rates, his mortgage payment will be less than rent. The house is adequate to stay longer than 2 years. If he does decide to make a move and the market has declined, he'll have no problem renting this house.

Jun 16, 2017 11:09 AM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

All great points to consider if the buyer is suitable financially and that is precisely what Brian Sirota, #40, alluded to. Another real estate opportunity with always in demand rentals are located near college campuses. Opportunities are never lost, someone will always take action and reap the consequences. Great post. 

Jun 16, 2017 12:44 PM
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Jul 12, 2017 05:31 PM