Home Buying in Las Vegas>Question Details

P.a. Camp, Both Buyer and Seller in 98632

we want to buy in Vegas but we can't sell our present house. Present home in Longview Wa . has a $65,000

Asked by P.a. Camp, 98632 Sat Feb 14, 2009

loan. Income is fixed cause of retirement and SS
Do we dare?

Help the community by answering this question:


Hi P.A.

Like mentioned below, selling your home in WA for the right price can save you some hassles so you are able to purchase a home here in Las Vegas for the right price. You have a few options on what you can do in order to complete your move. Let me know if I can be of help. I have helped many out-of-state buyers that are looking to relocate to the Las Vegas area. Feel free to call me and we will discuss your options. I am very confident that I can get you a great deal on a home as well.

Len McGuirk, Realtor
Prudential Americana Group
Direct: (702) 203-6688
0 votes Thank Flag Link Sun Feb 15, 2009
I guess you know you are going to enjoy the weather here. We moved here from Washington state and have family who live in Longview. We love it here. As to selling your home in Washington state, I think renting it could be a real good option for you, or maybe even a lease option would work. However, I think it is really essential to have financial advice when making an important move like this. Given the climate in the mortgage market, lenders will be a bit more caution than previously and this will work to you advantage in this situation. One thing to keep in mind is a lender is generally only going to consider 75% of the rent as part of your income. It would be best for you to have someone lined up to rent before you purchase. I'd be happy to place you with a lender who could help you make a decision. If you decide to rent down here temporarily while you are looking, I have several investors who own corporate housing. It is significantly cheaper than living in a motel while you are looking and of course much more room. Please feel free to contact me by email or by phone.

Marilyn (702) 348-7146, iluv2sellre@kw.com
0 votes Thank Flag Link Sun Feb 15, 2009
A few suggestions:

Talk with a lender who will look at your whole financial picture and help explain your options. No one could give you an intelligent answer without more info about your finances.

Concerning your house in WA: Instead of selling, maybe you could rent it out. If you do need to sell it, you'll have to get the opinion of a good local real estate agent, but usually if your home is being properly marketed and is not selling, it because it is priced too high.
0 votes Thank Flag Link Sat Feb 14, 2009
By decreasing the price of your Washington home you will increase the chances of selling it. This may be able to be off set by being able to purchase in Vegas at a cost savings price.

Our recommendation is to study both markets closely. What you lose in Washington may be able to be made up in Vegas. It may not be as distant as you think.
0 votes Thank Flag Link Sat Feb 14, 2009
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