What would you do?

Question

We’re trying to move out of state (Florida) since we pay a lot here. We currently rent and would love to buy soon when we move to TN. We can’t save much money here but if we rent for a year or so in TN we would be able to save a good amount of money since rent is way cheaper there, well the area we’re looking in. So! What do you think is the best option? 
I’m leaning towards renting for a little while in TN then trying for a home loan to save some money but I definitely want to buy sooner rather than later 🥴😞
Option A- Apply for a home loan before you move and try to buy a home before moving there 
Option B- rent in TN for 6months-a year to save then apply for a home loan and buy. 
Option C- Stay in current state and try to save money there

Answer

I said rent because if you aren't familiar with the area you'll want to get to know the good and bad areas before you get stuck somewhere you don't like.

Answer

Try for the loan first. You never know.

Answer

Honesty I think you should try for the loan, because you’d an be turned down, but you might also be accepted.

Answer

We basically did your option B 3 years ago. We moved to Nashville TN area from San Diego Ca.  We rented for a year and then bought a house in my husbands home town right outside of Nashville.

Answer

Well do you have jobs lined up? A lot of times if houses are cheaper the jobs don’t pay as well. I would say if you don’t have anything saved up you definitely need to save. We went with a loan that required zero money down and still had to pay around 5k for closing costs and inspections. It was supposed to be 15k but we were lucky enough to get sellers assist. But make sure you have a job secured and all that before trying to buy a house.

Answer

Definitely rent to see how you actually like living there and so you can scope out the areas you actually want to live.

Answer

I would want to rent first so I can get to know the area before I buy a house so I know what area I’d prefer to buy in.

Answer

There’s a program in TN for first time home buyers. I’d go that route!
I’m 45 mins from Nashville if you need help with anything!!

What would you do?

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