We're Moving ... Should We Buy Now

Stacy's family is moving, and Dave says they should never buy a home until the next one sells.

QUESTION: Stacy is debt free except the house and her family will be moving soon due to a new job. Should they rent until they sell the house or go ahead and buy a new house. He makes $90,000 a year. asks if she should rent until they sell their debt free house as they move for her husband’s new job. Dave explains why it could mean trouble.

ANSWER: You should never buy a home until the next one sells. It’s a good idea to rent in a new city so you can learn about the city and learn about what area of the city you want to live in. For sure, you don’t want double payments. Don’t buy until your other one sells. It’s that simple.

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