I am wondering on these situations
1) if one bought a home (with a 25 to 30 year mortgages) and found out that he wanted to move and not keep the house as a second places. In the case that he only lived there for 6months to 2 years. Would it be more of a waste of money to buy a home in this sort time as opposed to rent an apartment.
Basically what I am getting at is short term home buying is it more of a hassle and cost more money then just going with an apartment rental.
My main concern is more with being stuck in trying to sell the house and not being able to immediately move. Is it possible to just give up the house to the bank/or real-state person for selling and move into the next house or apartment... or is there something that gives you a bad reputation or won't allow you to move into the next places with out selling the first places.
The benefits to owning a home or paying a mortgage to own a home is that you will eventually own it if you want. This is a big benefit over a apartment in terms of owning it. My only thing is getting out of / moving to a different location is it harder if you own a home then an apartment or can you always move quickly from home to home as you can from an apartment to apartment. Other then the paper work.
What I am think is if a person can't make up his mind on where he want to live and has stayed in the same place for a long time. I would think it would be better for him to live in a home he pays a mortgage on so in the case he never moves he eventually owns the home. And in the case he eventually can make a decision / want to move he can still move in a reasonable amount of time. Correct ?
your thoughts on how long it takes a home owner to move in and out of home/apartments in a reasonable amount of time.
1) if one bought a home (with a 25 to 30 year mortgages) and found out that he wanted to move and not keep the house as a second places. In the case that he only lived there for 6months to 2 years. Would it be more of a waste of money to buy a home in this sort time as opposed to rent an apartment.
Basically what I am getting at is short term home buying is it more of a hassle and cost more money then just going with an apartment rental.
My main concern is more with being stuck in trying to sell the house and not being able to immediately move. Is it possible to just give up the house to the bank/or real-state person for selling and move into the next house or apartment... or is there something that gives you a bad reputation or won't allow you to move into the next places with out selling the first places.
The benefits to owning a home or paying a mortgage to own a home is that you will eventually own it if you want. This is a big benefit over a apartment in terms of owning it. My only thing is getting out of / moving to a different location is it harder if you own a home then an apartment or can you always move quickly from home to home as you can from an apartment to apartment. Other then the paper work.
What I am think is if a person can't make up his mind on where he want to live and has stayed in the same place for a long time. I would think it would be better for him to live in a home he pays a mortgage on so in the case he never moves he eventually owns the home. And in the case he eventually can make a decision / want to move he can still move in a reasonable amount of time. Correct ?
your thoughts on how long it takes a home owner to move in and out of home/apartments in a reasonable amount of time.