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To rent or to buy, that is the question

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rentbuyquandary · 04/05/2021 17:29

Sorry, yes yet another question about whether to rent or buy!

House is going on market this week and agent is already ringing round their list of prospective buyers. Couple of houses near me sold with the same agent very quickly, and it's a sought after part of town.

I'm looking to move quite a distance for work reasons somewhere bigger with more opportunity as I'd like to get a new job and set down some new roots.

Originally I was going to sell and rent, but then thought it's best to buy with things going so manic, then thinking again I should rent and give myself flexibility.

There's only me to think about and I've got a reasonably decent budget for where I'm looking to buy. Like a lot of places there isn't a huge amount coming on the market, but it's not quite as crazy as some places, and I know what areas I would be happy to buy in as I know the area well.

Wish I could just make a decision! I like the flexibility of renting, but then I don't like the thought of throwing money away 'moving twice'. Plus even if I do get a new job it's going to be roughly in the same area and my industry was already moving a lot more to remote working pre-pandemic anyway, so it's less of an issue.

What would be the tipping point for you? Should I say I'll look for an onward purchase then give myself a strict time limit to find somewhere? Or maybe spend a bit less on something less ideal but at least keep myself on the ladder?

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