Owning a house for two years ...

Since you are buying a friends house, FSBO, (IMHO) you need a house inspection and a lawyer, not a buyer agent realtor who will take 2% -> 3% for doing practically zero work.

Agreed, I thought the reason for FSBO was to avoid the real estate agent fee, therefore slightly reducing the cost of the home for the buyer and less fees for the seller to pay. win-win.
 
We fronted our granddaughter the $ to get into a starter home @ $205K. Every home in the market is being sucked up in hours by millennials that are buying for the same monthly rental on a nice apartment. It's a buy "as is" market as most of the homes are of the age that some repairs are needed.

There's no evidence that there's going to be a blowup of this starter market as long as the employment market remains stable. They way this market's going, 2 years and you will be able to get your money out of a house.

We have noticed a softer market when you get around $600K where you can get a lot for your money--in the same area. The new 2800 square foot homes are running $450K-500K, and they're not really that nice and yards are not up to the price in size.

I say go for it.
 
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