Now is a GREAT TIME to Buy a New Construction Home in Las Vegas

Now is a GREAT TIME to Buy a New Construction Home in Las Vegas

If you are thinking about buying a new construction home in the Las Vegas Valley, it’s important that you have your own real estate agent represent you. Keep in mind the builders will require that the real estate agent accompany and register you on your very first visit to the builder’s model home or community. Otherwise, if you visit a new home community and register without your agent, I will no longer be able to assist you in the process. It must be on the very first visit.

Southern Nevada house hunters face the highest mortgage rates in 20 years as the market grapples with a continued run-up in borrowing costs. The average rate on a 30-year home loan was 7.08% as of last week, up from 6.94% the week before and 3.14% a year ago, mortgage buyer Freddie Mac reported.

Builders’ land buying activity had also “basically decreased to zero as they wait and see where things end up going into the end of the year.

NOW is the best time to buy a NEW CONSTRUCTION Home in the Las Vegas Valley. Builders are offering incredible incentives on all of their quick move-in homes that will be completed by the end of the year. I feel it’s a no brainer to take advantage of all of these SAVINGS.

All of these builders are corporations and they need to make their year-end numbers. In order to do this, they are offering a lot of incentives to one, get rid of all of the standing inventory they have and two, to try to make their year-end numbers.

I feel that once these builders get rid of all of their inventory, then it will be a normal market for buying new construction and that the builders will not be offering all of these incentives. Why not take advantage of the lower interest rates that they are offering? Instead of paying over 7% in interest rates for a resale home with no closing costs. Why not buy a new construction home with a much lower interest rate and all of your closing costs covered? To me this is a no BRAINER!

If you are in the market to buy a new construction home this year, but afraid to because of where the market is heading; then this might be the best solution for you. I sell a lot of new construction homes across the Las Vegas Valley and this is the conclusion my clients have come to realize. They are taking advantage of the market and not letting the market control them. We are wheeling and dealing and also offering a lower purchase price on top of all the incentives.

NEW BUILDER INCENTIVES

Toll Brothers

Toll Brothers is having their FALL SAVINGS EVENT from now until Dec. 4. Get up to 3% Credit at Closing on In-progress Homes and 50% Off up to $100,000 in Options on To-be-Built Homes. No other mention on rate buy-downs or lower interest rates, like some of the other builders.

Toll Brothers Communities Offering INCENTIVES:

Acadia Ridge – Summerlin

Cordillera – Summerlin

Mesa Ridge – Skye View Collection in Summerlin

Mira Villa – Summerlin

Regency – Summerlin

Aviano – Skye Canyon

Montrose Collection – Skye Canyon

Vista Rossa Collection – Skye Canyon

Paloma Collection – Skye Canyon

Valera Collection – Skye Canyon

Cascina Ranch – Southwest

Amiata – Henderson

Everleigh at Cadence – Henderson

Taylor Morrison

Save up to $50,000 on a new home – Your monthly payment will be lower when you take advantage of finance savings from $10,000 up to $50,000+.

Basically, when you use Taylor Morrison’s in house lender you get anywhere between $10,000 to up to $50,000 towards closing costs, permanent buydown, temporary buydown (save on your rate for the first 2 years, then enjoy a fixed rate for the remaining life of your loan, extended rate locks.

The best savings of fall are here when you buy an eligible home now through November 30 with Taylor Morrison. For a limited time, secure a 5.99% 30-year fixed rate plus enjoy lower payments for two years so you can buy confidently today. Lock in first year interest at 3.99%, second year 4.99%, and 3-30 years 5.99%.

Taylor Morrison Communities Offering INCENTIVES:

The Heights at Palmer Ranch – NLV

The Estates at Palmer Ranch – NLV

The Pointe at Palmer Ranch – NLV

The Crest at Palmer Ranch – NLV

Desert Pearl – Spring Valley (Final homes)

Castellana I & II – Summerlin

Savannah – Summerlin

Jade Ridge – Summerlin (Final homes)

Crested Canyon – Summerlin

Pulte

Limited time year-end SAVINGS! Pulte is offering 4.99% interest rate on a 30-year fixed loan, on select quick move-in homes, must close by 11/30/22 and you have to use Pulte Mortgage and put 20% down.

They are also offering up to 6% towards closing costs, part of that 6% is used to have a 4.99% interest rate, and the remaining is used towards closing cost, only on their quick move-in homes when you use their in-house lender. They have a lot of quick move-in homes that they need to unload by the end of the year.

Pulte Communities Offering INCENTIVES:

Carmel Cliff – Summerlin

Blacktail – Summerlin

Talvona at Skye Hills – NW

Valridge at Skye Hills – NW

Del Webb at North Ranch in NLV – trying to close out this community, they are also offering to pay for the first year of HOA dues.

Aldervista at North Ranch – NLV

Delamar – SW

Rainbow Crossing – SW

Cordora – SW

Hayford Collection – SW

Liberty – SW

Bridgewater (American West) – SW

Quinn Canyon (American West) – SW

Southbrook (American West) – SW

Westley Park (American West) – SW

Century Communities

Century Communities is having their 20^th Anniversary Sale with Limited-Time Special Financing. They are offer 1% off for 1 Year. Must close on their quick move-in homes on or before 12/30/22 to take advantage of these savings.

Lock in an incredible 4.75% interest rate for the first year on a 30-year FHA or VA loan when financing with Inspire Home Loans. Then 5.75% interest rate for years 2-30, with a 3.5% down payment is required and your credit score has to be 640 or higher!

Lock in an incredible 5.125% interest rate for the first year on a 30-year Conventional Loan when financing with Inspire Home Loans. Then 6.125% interest rate for years 2-30 with 10% down and your credit score has to be 720 or higher.

Need to close on or before 11/30/2022.

Century Communities Offering INCENTIVES:

Cantaro I & 2 – Skye Canyon

Marvella – Skye Canyon

Eaglepointe – Skye Canyon

Suncrest I & 2 at Cadence – Henderson

Homestead Ranch – Northwest

Lennar Homes

Offers are limited to select move-in ready homes and require financing through Lennar Mortgage, LLC. From what I have noticed after selling a handful of Lennar Homes recently; is that they are offering a total of 6% towards closing costs if you use their in-house lender. That 6% is used towards buying down the rate and the remaining percentage is used towards closing costs.

Lennar is also reducing their prices in a lot of these quick move-in homes, on top of taking advantage of the 6% savings.

Lennar Communities Offering INCENTIVES:

Granbury in Valley Vista – NLV

Queensbury in Valley Vista – NLV

Roxbury in Valley Vista – NLV

Belterra I & II – Skye Canyon

Aria at Sunstone – NW

Archer at Sunstone – NW

Centennial Heights – NW

Highline I & II – Summerlin

Heritage at Stonebridge – Summerlin

Heritage at Cadence – Henderson

Black Mountain Ranch – Henserson

The McAuley – Henderson

Terra Bella – Henderson

Tresor – Henderson

Waverly – Henderson

Deserts Edge – Mountains Edge

Dalton – Eastside

Richmond American Homes

For homes that close by 12/23/22, enjoy a:

• 500% (6.545% APR) 30-year FHA fixed rate*
• 500% (5.810% APR) 30-year VA fixed rate**
• 875% (6.482% APR) 30-year Conventional fixed rate***
• OR 5.500% (6.329% APR) Conventional 7/6 ARM financing

This is for their quick move-in homes and you have to use their in-house lender.

Tri Pointe Homes

Tri Pointe Homes is having the HOW ABOUT NOW EVENT. During the How About Now Event take advantage of limited-time 5.625% interest rate, as well as other benefits on a home you can live in now.

The Tri Pointe Homes® Design Consultants have carefully selected all the finishes on these under construction and move-in ready homes so your beautiful dream home awaits.

Tri Pointe Communities Offering INCENTIVES:

Capri – Henderson

Azure Park – NLV

Market Update – October 2022

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.

Subscribe to our YouTube Channel: http://bit.ly/YouTubeAOHare

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