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Real estate equity question
Posted on 11/5/26 at 9:07 am
Posted on 11/5/26 at 9:07 am
My wife and I are young, both 30 with no children yet.
We are leaving the Hill Country area ( Boerne ) near San Antonio to move to Tyler TX. This will put us much closer to family. We plan for it to be a long-term decision.
I’m selling my home here in Boerne at basically break-even. We built a starter home here back in 2022.
I’m going to walk away with roughly 90k.
We aren’t ready to buy a house in Tyler yet with the current market conditions so we are going to rent for 6-12 months.
What is a safe way for me to use the 90k capital from my home sale until we are ready to buy again?
We are leaving the Hill Country area ( Boerne ) near San Antonio to move to Tyler TX. This will put us much closer to family. We plan for it to be a long-term decision.
I’m selling my home here in Boerne at basically break-even. We built a starter home here back in 2022.
I’m going to walk away with roughly 90k.
We aren’t ready to buy a house in Tyler yet with the current market conditions so we are going to rent for 6-12 months.
What is a safe way for me to use the 90k capital from my home sale until we are ready to buy again?
Posted on 11/5/26 at 9:32 am to Jake009
Find the highest savings rate you can at a bank or online and stick it in there if short term. Make sure said place is FDIC insured.
I wouldn’t put it in the market for that short a time.
I wouldn’t put it in the market for that short a time.
Posted on 11/5/26 at 9:38 am to Jake009
quote:
We aren’t ready to buy a house in Tyler yet with the current market conditions so we are going to rent for 6-12 months.
This is the best time to buy since probably the early 2010's
quote:
My wife and I are young, both 30 with no children yet.
Get to making those kids if you're wanting a family.
Posted on 11/5/26 at 9:50 am to Billy Blanks
Is this a troll post?
Posted on 11/5/26 at 9:52 am to Mingo Was His NameO
The best time to buy real estate is 20 years ago. The second best time is now.
Posted on 11/5/26 at 12:39 pm to Mingo Was His NameO
quote:
Is this a troll post?
No, the RE market really sucks right now. Should be able to buy deep. And probably the only time ever buying new is cheaper than on a resale.
Lots of builders buying rates down under 5% to move inventory.
Posted on 11/6/26 at 9:15 am to Jake009
If you're just looking to park money for a short period of time and want something safe; open a Fidelity cash management account and put the money there. The interest rate is around 3.5%. That about as safe as you can get for 6-12 months while having the money on hand at all times.
Posted on 11/6/26 at 2:12 pm to Billy Blanks
quote:
This is the best time to buy since probably the early 2010's
If you are paying cash I guess one maybe could argue this, but in addition to the interest rates, people haven’t felt the pain enough yet to start really dropping their prices. Pricing hasn’t come down enough from the crazy 2021-2022 timeframe.
This post was edited on 11/7/26 at 9:44 am
Posted on 11/7/26 at 6:58 am to notiger1997
Agree with this
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