I'll be taking a job at the end of the school year for a large company and working in the Boston area. This company provides some excellent relocation benefits including many that have to do with home buying. I have lived in an apartment all during college and am debating whether or not to buy a house when I start work.
The company provides funds for all moving expenses, closing costs on the home, assessment fees for the home, buys the property if necessary when I move away from the area (guarantees I won't take a loss), and a few others which I don't fully understand.
I recently visited their Boston facility and talked with some people who were in similar situations when they started with the company a year ago. All of them were able to get a mortgage on homes and condos in the area. One of them mentioned a 3 year AMR which they worked out as the best deal available.
I can expect to move within 2 to 3 years of my start date to a different location.
Real estate is very expensive in the Boston area, but if the market continues climbing over the next three years it will be a good investment. Even if the market falls, the company will buy the property from me when I leave at the price I paid.
If anyone could give me some guidance as to my options and a basis for making a decision I would greatly appreciate it. I'll go into further details about what kind of money I'll be making, down payment options, etc on a one on one basis.
The company provides funds for all moving expenses, closing costs on the home, assessment fees for the home, buys the property if necessary when I move away from the area (guarantees I won't take a loss), and a few others which I don't fully understand.
I recently visited their Boston facility and talked with some people who were in similar situations when they started with the company a year ago. All of them were able to get a mortgage on homes and condos in the area. One of them mentioned a 3 year AMR which they worked out as the best deal available.
I can expect to move within 2 to 3 years of my start date to a different location.
Real estate is very expensive in the Boston area, but if the market continues climbing over the next three years it will be a good investment. Even if the market falls, the company will buy the property from me when I leave at the price I paid.
If anyone could give me some guidance as to my options and a basis for making a decision I would greatly appreciate it. I'll go into further details about what kind of money I'll be making, down payment options, etc on a one on one basis.