Las Vegas Question
Hi guys,
This is not directly related to investment, but it is about real estate. My mom is currently living in Las Vegas, Nevada (Summerlin). She purchased a single family home there about 4 years ago for $150,000. It seems that similar homes are selling for around $200,000 now. The issue is that she is planning to move to Japan to be close to my wife and I in two years, and we are wondering whether it is better to cash out now and maybe buy a home we could turn into a rental later (she can't rent the house house owns now because of HOA rules) or stay put. I know the market can't be predicted exactly, but does anyone have a suggestion about how they would go about making this decision? Thanks.