relocating to vegas (clark county) because of job. but we are not planning on staying for good, say 2-3 yrs

Asked by Chay, East Meadow, NY Mon Aug 10, 2009

tops. should we rent or buy? best elementary school in clark county?

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12
CJ Barnes, Agent, Las Vegas, NV
Wed Aug 12, 2009
I would suggest a good home lease. To purchase and plan to re-sell so quickly could cost you money. The housing market in Las Vegas seems to be stabilizing however there is no guarantee home prices for re-sale will make you any money. Our local real estate board is predicting that by late 2011 or 2012 the prices for home may rebound back to what they were in 2005 however the current home prices are about where home prices were in 1991. Right now it would be better for you to lease a home for that short time you plan to stay in Las Vegas. "CJ" Barnes 702-326-1483 - www,vegashomefinders.net
1 vote
Damon Bottic…, Agent, Las Vegas, NV
Mon Aug 10, 2009
I would say it depends on the price range of the home you want to live in and if you're willing to rent it out when you leave in 2-3 years.

If your not interested in owning rental property when you leave, then I think you should just rent because nobody know what the value will be in 2-3 years. If keeping the home as rental is something you'd consider, then I say buy, but only if it makes sense as a rental. (A $400,000 home will probably not cash flow as nice as a $150,000 home). You should also expect property management fees somewhere around 8-10% to have a property manager handle all aspects of managing the property.

Here's a blog I posted to help you find the best school:
http://lasvegasneighborhoodnews.com/post/776181/finding-the-…
1 vote
Helene Moore, Agent, Henderson, NV
Wed Aug 17, 2011
Awwww dont know why I received this from Trulia.

thanks
Helene
0 votes
John Brassner, Agent, Las Vegas, NV
Wed Aug 17, 2011
This is two years old which means Chay is 2/3rds to 100% done with his/her stay her.
0 votes
David Cooper, Agent, Los Angeles, CA
Wed Aug 17, 2011
If you are willing to do a little work, a Bank Owned Foreclosure thru Homepath would get you a greatly dicounted house that should be more valuable in 2 to 3 years than when you bought it

DAVID COOPER Foreclosure Specialist with 35 Years Investing Experience. Receive a FREE List Daily of Low-Priced, Bargain Homes in the BEST neighborhoods with GREAT Cash Flow. GO TO website or Call +1-702-499-7037
0 votes
Helene Moore, Agent, Henderson, NV
Wed Aug 17, 2011
Hello Chay,
What type of rental home will you need . How many bedrooms and what type of rent are you willing to pay.
The reason I ask is because I will be placing a beautiful home on the market for rent in a few weeks .
The home is in Seven Hills a guard gated community ... great schools. Fabulous location
Home is outstanding. I sold this home to her during the peak years . If you are interested send me an email and I will give you more information along with beautiful pictures. By The way the home features an amazing pool spa and full Strip Views and mountain Views.

My best to you and your family.
Helene M Moore
Windermere Prestige Properties
cell : 702-275-2192
email. helenem@windermere.com
web site: http://www.MooreVegasHouses.com
0 votes
Buyers Agent…, , Las Vegas, Las Vegas, NV
Fri Aug 14, 2009
Hello Chay,

I just noticed that you were moving here from LI. I am from Lindenhurst and have been out here since 2003. I said I would only be here for 2 or 3 years then as well..haha If you can afford to purchase at this price point with the interest rates this low then by all means BUY! You must stay under the 250k price and you will be able to use the property as an investment if you really do leave. It is almost guaranteed that interest rates will be moving much higher to pay for our government spending in the next 3 years. That would leave you in a great position on a 30 year mortgage. If you would like to talk more about the Las Vegas market feel free to contact me.

Respectfully,

Billy Alt
Century 21 Infinity
702-250-1090
0 votes
Anna Wilk, Agent, Las Vegas, NV
Mon Aug 10, 2009
Here is a great website for school info for you http://ccsd.net/schools/zoning/zoning.php.

If you want to buy, you can take advantage of the current low prices and either sell or rent w a property manager when you are ready to leave.

If you are interested in renting for the time you are here, there are plenty of properties to choose from whether they be condos or single family homes.

I can help you with either option if you like.

Anna Wilk
Pegasus Properties
cell 702-788-0019
Web Reference:  http://www.myglobalagent.com
0 votes
Andrea Packo, Agent, Las Vegas, NV
Mon Aug 10, 2009
Hello Chay

Here are 2 sites to check out Las Vegas schools.

http://realestate.yahoo.com/Nevada/Las_Vegas/Schools/result.html

http://www.homefair.com/real-estate/school-reports/index.asp…

Whether you decide to rent or to buy, you can search for either on my website and I'll be able to help you get started. Where you will be working will also be important because of traffic concerns.
Please call me anytime!

Andrea Packo, Keller Williams, 702-279-7679
Web Reference:  http://www.andreapacko.com
0 votes
Len McGuirk, , Las Vegas, NV
Mon Aug 10, 2009
Hi Chay,

If you are planning on staying for 2-3 years, then purchasing would be a pretty good idea. Many people say that our local market here has bottomed out. If that is true, in 2-3 years you will most likely have a little equity or at least break even. Another scenario for you would be to lease out the property when you leave Las Vegas. If you purchase in this low market now, then you are more likely to make up your mortgage payment with a tenant's rent payment later. Renting right now is not a terrible idea, don't get me wrong. However, this market is a great market to make a purchase in.

Let me know if you would be interested in talking with me about your options. I would be happy to discuss the details with you and see if I can be of help to you. I know the Las Vegas valley pretty well and I can give you some great information about the best areas in town to live. Hope to hear from you!

Len McGuirk
Prudential Americana Group
Cell: (702) 203-6688
LenM@AmericanaGrp.com
0 votes
Heather Peck, Home Owner, Las Vegas, NV
Mon Aug 10, 2009
Hi Chay - In this market, it is usually better to buy than rent. When renting, you are taking a chance that the owner is not paying their mortgage and the property you're paying rent for is in danger of being foreclosed on.

As for the best elementary school in clark county, you can get more information about the schools here:
http://ccsd.net/schools/zoning/zoning/zoning.php

Let me know if I can be of assistance.

Heather Peck
Rosen & Company West
702-595-7380
LasVegasExpert@yahoo.com
http://www.HeatherSellsVegas.com
0 votes
John Brassner, Agent, Las Vegas, NV
Mon Aug 10, 2009
Hi Chay. If you want to sell after 2-3 years, I would say it is most likely a better bet to just rent. However, if you would entertain buying a place and renting it as income property after you leave, that would make great sense.

Regards,


John A. Brassner, MBA, REALTOR®
Residential and Commercial Real Estate

Prudential Americana Group, REALTORS®
10777 West Twain Ave, Suite 105
Las Vegas, NV 89135
Cell: 702-808-9816
Fax: 702-995-0488
Email: john@john4realty.com

NevadaRealEstateCenter.com
NevadaCommercialSales.com
8REOS.com
0 votes
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