Donna, Both Buyer and Seller in Las Vegas, NV

If a builder sold a standing inventory home for $86/sq. ft., will they likely do the same for another standing inventory home?

Asked by Donna, Las Vegas, NV Fri Feb 25, 2011

If so, where should our offer start? They only have three homes remaining and they are done with the development.

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Answers

7
Each of the previous answers suggest you use a buyers agent. I agree. The builder's agent is working the builders best interest. A good buyers agent maynot be able to get you a lower price but can negotiate a better deal. Maybe upgraded apliances, paid HOA fees, Loan rate reduction, window coverings, better flooring, landscaping ect. Make sure you have someone working for you, not the builder. The price of the home is usally not reduced because you are not using an agent, you are just adding to the profit margin by not using a buyers agent.
0 votes Thank Flag Link Thu Mar 10, 2011
Hi Donna,

Please get a Buyer's Agent before you proceed. I think that you have a very good chance of getting the new home for even a little less than the $86 per foot but please have a professional make the offer on your behalf. A good Realtor will make sure that you get the very best deal available and that you are protected in the contract. You should also get a home inspector to conduct a thorough inspection during your due diligence period just in case the home was not built well.
Web Reference: http://www.buyvegasnow.com
0 votes Thank Flag Link Wed Mar 2, 2011
Thank you for your input. The houses are comparable in upgrades. The house that sold at $86/sq. ft. was on a corner lot and slightly larger. This house is not on a corner lot. The $86/sq. ft. house is approximately 400 square feet larger. Thanks again. I appreciate your responses.
0 votes Thank Flag Link Mon Feb 28, 2011
Donna,

1st of all, Get your own "Buyers Agent" to look out for your best interests. Not all Builders are unscrupulous, but they absolutely have the contracts and variables stacked in their favor! They will often tell the Buyer Not to bring their own agent and it will save them $$$. But I have personally seen where they will then tuck that same $$$ in on the back of the contract and in a sense, they would have charged the Hm. owner the same amt. of the commission, but kept it for themselves... -Absolutely! (just one example...)

Offer the Cleanest, simplest and quickest closing offer that you can and this will help your Lower offer to gain credibility...

Good Luck in Vegas!
0 votes Thank Flag Link Mon Feb 28, 2011
Donna it depends on alot of variables, the individual lot it is on, is it a premium lot, a larger lot, smaller, a corner lot... and with the house what does it have for upgrades or amenities... more or less.... builders do not look simply at a price per square footage, with builders they strive to keep their base prices teh same and add in upgardes at no cost so not to affect previous sales in teh same developement. A buyer broker well experienced with new construction can assist you easily,
0 votes Thank Flag Link Mon Feb 28, 2011
It definitely depends in buyer interest & on what upgrades the last three homes have and lot sizes are a HUGE upgrade if they are bigger.

Good Luck
0 votes Thank Flag Link Mon Feb 28, 2011
Get with a realtor and put an offer in you may be pleased with the response.
0 votes Thank Flag Link Fri Feb 25, 2011
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