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I'd love to get anyone else's thoughts, plans, or experience in this area.
We will be selling our house to move for med school (yay!) and we are moving out of an intense seller's market to another town with a strong seller's market.
[Update: house sold by owner in <48h, so we sold first and now trying to figure out rent vs. buy in new town]
///
Should we sell our house first, then buy another house later?
or
Buy another house first, then sell our house?
or
Try to sell and buy simultaneously?
or
Just sell our house, keep the $$ and then rent?
///
If we purchase in our new town and then move after 4 years, it will be worth it--the market is growing fast there. And we could also just keep it as rental property, which would also be a sure bet as rentals are hard to come by there...
Also:
Can I still qualify for medical student loans if we take on a new mortgage? second mortgage?
Will it be harder to qualify for a new mortgage if I wait until I'm taking out medical school loans?
Anyone have thoughts or experience on these types of questions?? I'm a little stressed as March is a big month for home sales, and I don't want to miss out on a house in a good school district for my kids or miss the chance to sell our own house........... But without selling our current home first, we would have to take out PMI on the "second home purchase."
Also, we're planning to take a sabbatical this summer, so if we wait, we will both be "unemployed"...
We will be selling our house to move for med school (yay!) and we are moving out of an intense seller's market to another town with a strong seller's market.
[Update: house sold by owner in <48h, so we sold first and now trying to figure out rent vs. buy in new town]
///
Should we sell our house first, then buy another house later?
or
Buy another house first, then sell our house?
or
Try to sell and buy simultaneously?
or
Just sell our house, keep the $$ and then rent?
///
If we purchase in our new town and then move after 4 years, it will be worth it--the market is growing fast there. And we could also just keep it as rental property, which would also be a sure bet as rentals are hard to come by there...
Also:
Can I still qualify for medical student loans if we take on a new mortgage? second mortgage?
Will it be harder to qualify for a new mortgage if I wait until I'm taking out medical school loans?
Anyone have thoughts or experience on these types of questions?? I'm a little stressed as March is a big month for home sales, and I don't want to miss out on a house in a good school district for my kids or miss the chance to sell our own house........... But without selling our current home first, we would have to take out PMI on the "second home purchase."
Also, we're planning to take a sabbatical this summer, so if we wait, we will both be "unemployed"...
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