Here is an article in the Harold Mail about some of my buyers from Ridges of Tuscarora. The full article focuses on buying trends in the surrounding area’s and how many buyers are moving to WV, to take advantage of the great value we offer here in the Eastern Panhandle of West Virginia. Follow the link at the bottom for the full article.
Sean and Ashley Carroll wanted a new home last year, but seemed trapped by the economy — until they gambled on a financial escape route this past fall.
The Carrolls, having bought a town house in Boonsboro in 2007 just before the nation’s recession began, had paid tens of thousands of dollars more than the home now was worth. And in 2013, with the market beginning to strengthen, their alarm intensified.
“We were worried that if we waited ’til the time came where the appraised value went up on the town house, where we could get away clean, then we wouldn’t have the ability to buy anything else,” Sean Carroll said in a recent interview.
So after careful planning, the couple, both 28, accepted the responsibility of paying two mortgages at once by keeping their townhome and renting it, while buying a new house in Martinsburg, W.Va.
“If something happens with our jobs or with our renters, that’s the big risk of this whole thing,” Sean Carroll said. “That was the thing we spent the most time talking about — if something happens.”
With him a firefighter and her a teacher, “luckily, both of us have fairly stable jobs, being government employees,” he said. “If, for some reason, we lost renters, that would put us in a pretty significant bind, and then we’d have to make up both mortgages. That’s a huge risk.”