Re: Home sales in Las Vegas
- From: spencerdogg@xxxxxxxxx
- Date: 12 Sep 2006 05:09:15 -0700
Nonnymus wrote:
The paper has been reporting home sales dropping a bit and today's paper
highlighted give-aways by the developers. http://tinyurl.com/qsg9o
It's obviously a way to "keep home prices up," by giving away freebies
or paying extraordinary commissions. As a buyer, however, I sure would
rather just pay less.
This way they don't affect the selling price. If you drop the selling
prices that now becomes your selling price. What you'll find is that
builders will offer to build a new house at the selling price and give
you a few incentives. Many times they'll build some spec houses to
complete a street or section of their development and then the further
along it gets they offer more and more incentives. If within 30 days of
completion the incentives reach their highest. But if you want a new
house built with your choices your go back to the beginning and a few
incentives. I hope this is perfectlly clear. In the Vegas market today
some builders incentive can approach 100,000 or more on the 600,000 and
up market, while that same house might only come with 20,000 - 25,000
if ordered.
.
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