To answer Joseph: The home we are thinking of is a ranch/one level, built in 2005, has energy efficient appliances, is 2400 sf, and has no pool or jacuzzi (unfortunately).
The current renter says she is paying 450 a month to keep it at 74 degrees F. There are four people living in the home who work days and are home nights. They are considering switching to flourescent bulbs - but I have to laugh and imagine this will not impact the bill very much since most of the bill seems to be A/C related. - Tue Jul 22 2008, 13:09
That is what I've been hearing... $450 to $600 range for monthly electric bills. Then we will also have...gas...water/sewer......telephone....cable TV....internet....garbage service.... - Tue Jul 22 2008, 11:50
Tom - I presume you mean the monthly extra $300 goes toward reducing the final sale price. The option consideration fee is a one-time fee and usually applies toward the down payment.
Is that your understanding, also? - Fri Jul 18 2008, 00:29
From what I've read, it looks like lenders have 'Black Listed' some of the luxury condos in LV. What that means is IF you can get financing (most likely from a non-mainstream lender), it will likely be at very much less favorable terms/rates than other real estate. Doesn't look like a good investment situation to me. - Fri Apr 4 2008, 02:26
Thanks for the answers. I have noticed that builders have recently lowered prices on their standing inventory and are also accepting lower offers. One builder I called had recently lowered his prices about 30k and then a week later another 10k when I called. With the 3% toward closing costs plus other incentives, it is a good time to haggle and buy with these builders. I suspect many of these deals will be gone by summer when their remaining inventory is reduced. - Thu Apr 3 2008, 04:05
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