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PCS to Fort Lewis…Rent First, Purchase a Home Later? or Buy First?

Buy versus Rent

Q:   We are in the military and we are set to PCS in August to Ft. Lewis. We are planning to rent a home for the first year but then would like to purchase a home before our lease is up.  We plan on retiring in the area… We heard a lot of good things about Ft. Lewis.  Do you have any suggestions?

A:   I will do all I can to help.  I would really consider buying this year if you think you will stay in the area.  Interest rates are  about as low as they can go, and with the tax credits (not deduction)  the govt. is essentially offering to pay your property taxes and insurance for a couple of years.  I would look really hard at using the current economic situation to your benifit, it could mean thousands of dollars to you.

 I know it sounds like I am trying to sell you a home….and I am.  Thing is, we probably won’t see this opportunity again for a long time, if ever.  The WA housing market hasn’t taken the hit that other parts of the country have….but we will still see the benefits of these govt. incentives.

 Again, I am happy to help whatever you decide.


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