Ball'n Rental Places in the cities.

[AJ]

huh?

[Jana]

Yeah...lol

Honestly, with the area we want to get in, moving to an apt for short term is ideal. I don't want the stress of selling our townhome and finding a home in our range (which isn't that high right now with the new car we bought).

Yeah, it would kind of suck going back to renting, but the idea of having a fitness center, pool, etc right at your fingertips is also something I'm interested in.

[slowbubblecar]

Keep the Townhome off the market search for your house. My .02 do not go big. Get a nice little starter home. Yes it might suck but that will keep the price down. If you really want get a house that needs work to be done on. That will really bring the price down. Then turn around and sell the townhome.

With how bad the market is right now, what makes you think they would be able to get anywhere close to what they would want for their townhome very quickly? If they weren't able to sell the townhome quick after finding a new place, they would have to pay 2 payments until their townhome sold. Your plan doesn't sound like a very good idea.

[AJ]

With many rental places, we also have the option of not only choosing a time of year to go though the buying and selling shit, but also many places let you go month to month with a 60 day notice after either a 6 or 12 month lease. That plays nicely into the plan.

[Goat Blower]

This is what you might do in a good market, but not a bad one like now. Say you sell your townhome and don't get that much since the market is low. You rent and after a year the market is up again and guess what? You pay more for your next house. You just lost $50K+.

I'd look at affordable houses in a good area, but the areas you listed unfortunately that's not really feasible. I'd pick a less popular city like Brooklyn Park or Fridley, you're real close to downtown and you don't pay $300K for a dump. And I'd look at houses but have a contingency that your current townhome sells before you purchase the new place. A lot of sellers don't like this, but the market sucks, prices are good, and a lot of sellers will do whatever it takes. It's a real good time to buy right now.

[asshanson]

And I'd look at houses but have a contingency that your current townhome sells before you purchase the new place. A lot of sellers don't like this, but the market sucks, prices are good, and a lot of sellers will do whatever it takes. It's a real good time to buy right now.


I negotiated a wait time of over 3 months after agreeing to buy my place before I actually closed because the market is bad. The 3 month wait was because of my apartment lease.

[AJ]

The main thing is, we won't take a hit on our townhome just to get out of it and move closer. The terms have to fit and if they do the move into the rental side of things would be justified more so, if not, we aren't in any hurry to jump head anywhere.

Lots of stuff will be analyzed after the wedding as well now.

[JET]

I agree with Steve, don't get out of owning a place. You will lose money if the market comes back around and it will be even harder to get into a place. I also agree to check out a smaller house, there are getting to be a lot of places that are turning around. Check out NW Columbia heights, Fridley, and Nordeast Minneapolis. I am sure there are places in the SW too.

[Kracka]

I think they want to stay in the Edina/Minnetonka/Eden Prairie area since they both work down here now. Unfortunately, this is a very expensive area to buy. You may be able to find something cheaper further out into the Chaska area, but I for one would not be willing to move so far out.

[AJ]

Yeah, location is very important if we move. There isn't any point in us moving to an area such as BP or Fridley right now. We work work withing a mile of each other now near the 169/62 area. We would also be saving a lot of money in gas with a move as well. We know there would be pros and cons to each choice and right now it's nothing we even need to worry about. The house isn't on the market and we don't even know if it will be this year even. But when it does, renting is an option we'll keep open.

For now I'm just more curious to see what's all out there to places. The "Bluffs at Nine Mile Creek" look sweet. that's the place with the community roof top putting green. LOL