Rent vs Buy in Nevada City>Question Details

Anne O'Reill…, Home Buyer in Palo Alto, CA

If we purchase a home in Nevada City - will it be possible to rent the house until we can move? Also, will the rent cover the mortgage?

Asked by Anne O'Reilly-wenegrat, Palo Alto, CA Tue Mar 19, 2013

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There are all sorts of events, groups, clubs, arts, etc to join to make friends here. Depending on your interests, age, family (kids, pets), sports, etc. there is something for everyone. As long as you want to get involved there is more than enough to keep you busy and connected. Grass Valley and Nevada City are great communities with friendly people!
0 votes Thank Flag Link Tue Mar 19, 2013
Yes, many people who relocate to Nevada City purchase the home first and then rent it out until they make the move. My office has a property management department that could help out in the process. The home prices are low now but are moving upward. Many homes available for sale are priced low enough where you can cover the mortgage payment with the rents you received. Stacy King 530-575-7539
0 votes Thank Flag Link Tue Mar 19, 2013
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