New Construction Builder Incentives in Las Vegas – May 2023

NEW CONSTRUCTION BUILDER INCENTIVES – May 2023

Builder incentives – May 2023. Looking to buy a new construction home in Las Vegas? Learn all the incentives that the builders have to offer across the valley.

History as to why builders had move-in ready homes:

• Back at the end of 2021 and the beginning of 2022, the market was so busy and the demand was so high that the builders decided to build a lot of move-in ready homes to keep up with the demand. Plus, b/c of supply chain issues and pulling permits, they wanted to stay on top of the game and be able to sell homes fast.
• Toll Brothers homes take over a year to build, that is why you are still seeing a lot of inventory from them.
• Plus, some contracts fell out b/c the buyers couldn’t afford the homes any more once the interest rates increased, leaving inventory on the table.
• Some builders now are still building quick move-in homes to stay on top of the market because of the limited inventory on the resale side.
• I have been saying for months, that if you wanted to buy a new construction home, it was time to do so because that’s where the deals were at. Some builders were offering 3 to 1 buydowns or 2 to 1 buydowns with the first-year interest rate at 2.99%, plus they were giving buyers closing cost incentives. And also slashing their prices.
• All that will soon be going away because guess what is happening now? Waitlists are back, we are going to start heading in a more traditional selling for new construction, building from ground up. Where you really cannot get a good deal any more. They may give you 2 or 3% towards closing costs, but they will not slash the prices anymore.
• And guess what else is happening? New home prices are going up? With each new lot release the builders are increasing their prices.

Taylor Morrison

Enjoy lower payments for the first three years with limited-time finance savings on select move-in ready homes, when you use Taylor Morrison’s in house lender. For year 1 get 2.49% interest rate, for year 2 get 3.49% interest rate, for year 3 get 4.49% interest rate and from year 4-30 get 5.49% interest rate.

This is on new home contracts entered as of 4/24/23 to 5/31/23 on all eligible inventory and to-be-built homes.

Toll Brothers

Choose a beautiful new Toll Brothers quick move-in home now and qualify for a special 4.99% 30-year fixed interest rate offer through Toll Brothers Mortgage Company. This offer is only available for a limited time on select quick move-in homes and close by that July 25, 2023.

Pulte

Pulte is offering limited time special interest rate offer on a 30-year fixed rate at 4.99% for their quick move-in homes when you use their in-house lender. Offer available only on certain inventory homes that contract after 04/13/23 and close by 06/30/23. Must put 20% down and have a FICO score of 780 or higher and a debt-to-income ratio of 40% or less for primary residence.

Richmond American Homes

For homes that close by 7/31/23, enjoy a:

4.875% (5.916% APR) 30-year FHA fixed rate

4.875% (5.176% APR) 30-year VA fixed rate

5.625% (6.102% APR) 30-year Conventional fixed rate

These rates are when you apply for closing cost assistance toward permanent interest rate buy down. Loan promotions are valid for buyers who contract with Richmond American Homes on or after May 1, 2023, and close on or before July 31, 2023, when financing is provided by HomeAmerican Mortgage Corporation.

Tri Pointe Homes

Tri Pointe Homes is having their “Move In, Move Up – Home Event” During the Move In Move Up Home Event, receive up to $40,000 of Flex Credit* to use the way you choose at either Arroyo’s Edge or Kings Canyon.

KB Homes

KB Homes is providing a special low interest rate to help make your dream of owning a reality. This limited-time opportunity can make all the difference for your purchase. Finance your new KB home through KBHS Home Loans and lock in a rate of 4.99% (5.333% APR) for up to 270 days.

Century Communities

Century Communities is having their NEW HOME FLASH SALE. Enjoy $15,000 toward closing costs when financing with their affiliate lender, Inspire Home Loans. Only on homes signed on or between 5/1/23 to 5/30/23.

MARKET UPDATE – MAY 2023

Also, if you are thinking about buying or selling in the Las Vegas Valley, CLICK HERE or you can call me at 702-370-5112.

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Angela O’Hare
Favorite Las Vegas Realtor
Home Realty Center
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com