It’s a brand new year and new home builders are eager to show you their latest communities. Tomorrow is the model preview luncheon for KB Home’s latest Mountain’s Edge community, Sterling Ridge. The event is targeted at real estate professionals in the Las Vegas valley and will have a free catered lunch and a drawing for door prizes. Prices start around $140k and all homes are Energy Plus certified. There are limited lots left. If you would like to take a tour of the available models, call me at 702-493-8033 to schedule an appointment.

On Thursday there will be a builder’s expo at Providence. Builders and their guest exhibitors will be on hand to show you the latest incentives and pricing for the available new homes in the community.  The event will be held at the Coldwell Banker office on Sky Point Drive in Centennial Hills from 8:30 am to 10 am.

Lennar currently has approximately 30 move-in ready homes available. They are still offering zero closing costs and 4.50% Fixed For Life (4.99% APR)* when you use their financing.

This week Lennar is pushing its inventory of homes with pool sized lots. Unless you are prepared to spend upwards of half a million, most new homes don’t have a large yard. There a few exceptions to the rule of course, but if you have been actively looking at only new homes you’ll find most of them have small yards. The explanation for this is simple: you have to factor in the original cost of the land. Back when these home builders were buying up parcels of land from the BLM four or five years ago, it was very, very expensive. So to be able to make a profit, builders had to squeeze more homes on an acre.

One of the exceptions can be found in the city of Henderson. Lennar is offering to pay all closing costs, 4.5% fixed rate loan (4.9913% APR) if you elect to finance through them and all homes are completely upgraded with granite counters, blinds, stainless steel appliances and the energy efficiency package.  Here are just a few homes for sale:

Anthem
3181 Sq Ft (5 Bed, 3 Bath, 3 Car)
$335,990

Henderson
3100 Sq Ft (5 Bed, 3 Bath, 3 Car)
$303,990

Lennar isn’t the only builder having a sale. Del Webb is offering 50% off home site premiums at the Club at Madiera Canyon for the month of July. Homes start in the $420’s and there are 10 models available to tour.  The community is gated and located directly across from the newly opened Madiera Canyon park. If you would like to tour any of these homes, please call 702-493-8033 or send me an email using our form. Thanks for reading our Las Vegas real estate blog.

This weekend marks the end of the Pulte No Payments til 2010 sale in the valley. If you have ever toured a Pulte home, you understand why they are one of my favorite builders. Recently Pulte had lowered their prices in most of their Las Vegas and Henderson communities. If you were waiting to buy a Pulte home, there truly hasn’t been a better time to do so. In addition, Pulte Homes is offering some additional buyer incentives including zero closing costs, free GE appliances and great financing options.

Currently there are 11 Pulte communities with homes on sale. If you would like to tour any of these communities, feel free to contact me at 702-493-8033 or send us an email using the form below.

This weekend Del Webb is having a Green Building Open House at the Club at Madiera Canyon community in partnership with NV Energy. There will be green vendors along with light refreshments provided by Whole Foods. The expo is open to the public and is being held in the recreation multi-purpose room from 10 am to 11:30 am this Saturday.

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New home builders are having a tough time competiting against the Real Estate Owned (foreclosure) market. Las Vegas leads the nation in foreclosures and despite last month’s numbers, experts believe that we will see more in the coming months. Investors and savvy first time home buyers have been quick to take advantage of these fire sale prices. Last month showed a decrease in foreclosures and an increase in sales compared to historical data for the prior year.

In order to compete, new home builders have been forced to lower prices, offer free upgrades and other incentives to lure in home buyers. Another tactic they are taking is the relative ease of the closing process versus buying a bank owned home. New home sales will usually close in 30 days or even less while some bank owned properties can take up to twice that time. The Club at Madiera Canyon is a good example. Del Webb just lowered pricing all of their models. The community offers additional amenities like 24 hour guard gates, a private community center with resort style amenities and use of the brand new Madiera Canyon Park located just outside of the community.

Other builders like Lennar take a slightly different tack and offer special financing options, unemployment insurance (pays your mortgage for a certain time period while you are out of work) and pay for all closing costs. Of course there are some restrictions that apply which is important why you should bring your own agent with you. Someone that works exclusively for you, not the builder. Given the current state of the market, everything is negotiable. So if you are thinking about buying a new home, feel free to contact us for free, expert representation at 702-493-8033 or use our contact form below. Thanks for stopping by.

You may be thinking big deal, there are hundreds if not thousands of homes on the Las Vegas MLS priced under $200,000. You would be correct, there is a huge amount of bank owned inventory priced below that. That being said, you probably would be hard pressed to find absolute move-in ready homes in that price range, especially ones that have not been lived in. And you won’t find any with the kind of warranty that Lennar provides. As part of their Big Spring Sales Event, Lennar is also offering zero closing costs, low interest rates and their peace of mind mortgage protection plan (of course certain restrictions apply). Here are a few of the properties available:

SOUTHEAST:
Lamplight Gardens at Silverado Ranch
Lilac Plan – 1,286 square feet
Priced as low as $168,990

Mockingbird
Calistoga Plan – 1,907 square feet
Priced as low as $199,990

NORTHWEST:
Antelope
Roan Plan – 1,302 square feet
Priced as low as $160,990

Hampton Glen inside of Providence
Easton Plan – 1,795 square feet
Priced as low as $199,990

NORTH LAS VEGAS:
Sage Creek
Santa Monica Plan – 1,760 square feet
Priced as low as $167,990

NORTH CENTRAL:
Lexington Park off of Craig & Jones
San Carlos Plan – 1,531 square feet
Priced as low as $158,990

If you would like to tour any of these homes, please call 702-493-8033 or drop me a line using our email form below. Thanks for stopping by.

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You have to love how advertisers seize on the current buzz words floating around. Better get used to hearing Stimulus in just about every sale there is for at least another month. One of the things holding some buyers back from being able to purchase a home is closing costs. The sale Lennar is having is this weekend only, March 7th and 8th on move-in ready homes. There will be $0 closing costs, 4.25% (4.73% APR) mortgage rate for life through UAMC (provided you qualify) and they are including the Peace of Mind – Mortgage Payment Protection Program^SM.

If you should become unemployed, your mortgage payments will still be made. Of course there are restrictions and rules that apply. Lennar has homes in several communities in Las Vegas, Henderson and North Las Vegas that are on sale. If you would like to tour any of these homes, call 702-493-8033 and I’ll arrange it.