Summerlin West Living - May 2017

www.SummerlinWestLiving.com

May 2017

New Construction WHAT TO CONSIDER BEFORE PURCHASING

11368 Rancho Portena, Las Vegas, NV 89138 $599,000 | 3,418 SqFt | 4 Bed | 3.5 Bath

PLUS: 1st Quarter 2017 Summerlin West Market Statistics

RECENT HOME SALES

See what your home is really worth at: summerlinwesthomevalues.com

New Construction

What to Consider Before Purchasing

Thinking of Building Are you thinking of buying a new home from a builder? That’s great… especially if you’re absolutely sure that you’re getting every penny for your dollar and that your investments are being protected in the process. But if you’re not sure (and most people aren’t), then we recommend hiring a local real estate agent who specializes in representing your best interest in the new-build home-buying process.

Have a Pro On Your Team Builders of large developments generally have employees that work for them on site, bypassing traditional real estate agents because it cuts down their costs. Other times they have their own real estate agent who manages their listings for them. Either way, you will want to get your own agent to represent your own interests.

Not surprisingly, it’s the same thing for lenders. Some builders try to “require” that you are pre-approved by their preferred lender first. They just want to make sure you’re a serious buyer. In most cases however, you can still use the lender you choose- and especially if you have an agent guiding you along the way.

Builders sell new homes often before they’re even built. The process in itself from start to finish can take months; The sales cycle for most builders sell in ‘phases’ with each phase lasting as long as it takes to sell the homes in that track.

This means that without asking the right questions and choosing the best time to buy, you could be living in a neighborhood construction zone for years.

Representing Your Best Interests

Especially early on in the sales process, a home builder wants to get several homes under contract quickly to get the project rolling. As a buyer, this can mean more room for a lower price negotiation in the sale process. But once committed, if the sales of your development stall and you don’t want to move ahead with the build, you could risk losing your down payment and be stuck under contract with no way out.

New homes aren’t always listed in the MLS. Builders aren’t members of the MLS and their homes may not show up in the MLS in your area. It’s better to work with a local agent who has access to the MLS, all new builds in the area and also, who has a relationship with local builders and a general idea of what they offer.

With construction still going strong, building a new home is a great option for many people; But so is having a new home specialist to represent your best interest in its purchase. If you are having thoughts of selling your current house and buying a newly constructed homeget sound advice by speaking to your local new home specialist first!

Mortgage Client Support

APPLY NOW!

702-919-6059 www.AWMClientSupport.com

Free Consultation No Application Fee All borrowers subject to credit qualifications. Not all borrowers will qualify as certain restrictions apply on all programs. The information contained in this material is not a guarantee to extend credit or lend | NMLS# 14210 | 8345 W. Sunset Rd. #380, Las Vegas, NV 89113 | Corp. Tel. 702-369-0905

Market Pulse SOLD in 89138...

Community Summerlin West March 2017 Market Data

Local

National

FIND OUT WHAT YOUR HOME IS WORTH AT: summerlinwesthomevalues.com

Presented By:

Ready to Buy or Sell?

Contact Us Today!

Sat, May 6th, 9am-1:15pm American Red Cross Blood Drive The Trails Community Center Las Vegas, NV Sat, May 13th, 7pm-10pm New Vista Wine Walk Downtown Summerlin Las Vegas, NV Saturday, May 20th, 1pm-4pm Taste of Preakness Soirée Downtown Summerlin Arroyo Dining Area Sat, May 27th, 12pm-4pm Summerlin Splash Bash Vistas Pool Las Vegas, NV Thurs, June 1st, 6:30pm-7:30pm Yoga On The Lawn Downtown Summerlin Las Vegas, NV

9420 W Sahara Ave #100 Las Vegas, NV 89117 702.625.3202 /TheSnyderGroupNetwork @TSG_Network Each office is independently owned and operated. This is not intended to solicit properties already listed for sale. This is not intended as a solicitation if you are already working with a Realtor.

Questions?

Contact or Connect With Us Today!

Info@TeamDrivenRealEstate.com SummerlinWestLiving.com clientsupport@allwestern.com awmclientsupport.com NMLS # 14210 All borrowers subject to credit qualifications. Not all borrowers will qualify as certain restrictions apply on all programs. The information contained in this material is not a guarantee to extend credit or lend. |NMLS#14210 | 8345 W. Sunset Road. #380 Las Vegas, NV 89113 Corp. Tel.702-369-0905