Master Planned Communities
If you are looking for a house or a condominium in a Master Planned Community, we have listed below the master planned communities in Henderson and Las Vegas. Summerlin and Green Valley also have several separate master planned communities within the overall community boundaries.
Las Vegas Master Planned Communities are usually over 1000 acres and are designed with homeowners in mind. These communities have been designed with well thought out access to roadways, parks, recreation, utilities, shopping, and restaurants. Buyers will have several options with access to amenities of their preference. Many owners like to be closer to the excitement, the lights, and entertainment, while others prefer to be away from the traffic and hustle of the city. Golfers have an incredible selection of homes with backyard fairways and beautiful landscaping, while families with children will find schools with close proximity to home. Seniors will find several communities designed to meet all of their needs and truly exceed their expectations. Owners will likely pay more in association fees which are used to fund the management organization and maintenance activity of different aspects of the community. There are many different types of associations and each takes on different responsibilities for its residents and provide various types of functions.
Summerlin -By far the largest master planned community in the city and rated #1 for growth in the entire nation, Summerlin occupies 22,500 acres on the northwest side of the city and features an extensive array of over 100 parks, biking and hiking trails, shops, two dozen schools, over 9 golf courses, libraries and business districts as well as community tennis courts and pools, recreational facilities and an amphitheater for performing arts. Over 64,000 homes (from modest single family to exclusive custom estates) will be contained within its borders at complete build-out, and it has numerous public and private golf courses and retirement communities as well as family-oriented neighborhoods. More Info @ www.summerlin.com
Anthem- Anthem is a truly outstanding 4,755 acre Del Webb community nestled high in the Black Mountains south of the city with outstanding views and world-class amenities! Driving through the tunnel past the Anthem waterfall is like entering a whole new world far removed from Las Vegas! Anthem features three distinct neighborhoods, Anthem Coventry, approx. 1200 single family homes, Sun City Anthem, a Del Webb retirement community for ages 55 and over, and Anthem Country Club, an exclusive guard gated private golf neighborhood of semi-custom homes, custom homes and custom home lots.
Communities: Anthem Country Club, Sun City Anthem, Anthem Highlands, Anthem Coventry, Madeira Canyon More Info @ nevadaanthem.com
Mountains Edge - Mountain’s Edge was the #1 Selling master planned community in the U.S. for four straight years, and has consistently ranked in the nation’s top 10, it was created and continues to be developed by Focus Property Group, a Las Vegas company with decades of Las Vegas real estate experience. This master planned community covers over 3,000 acres with incredible amenities including several parks, a tennis complex, water park, performing arts center, picnic areas, skate park, baseball fields, and a planned western themed park. There are several golf courses, hiking, and climbing. This community has set aside over 650 areas for recreation areas. It will be an Old World style theme with stone walls and olive groves. An original Spanish trail will pass right through the community. There will be 10 different home builders building communities at Mountains Edge with townhomes and homes immediately available for purchase and many more homes in the near future as it continues to be developed.
Communities: Beacon Hill, Yellowstone, Rivendell, Miravilla, Mirador, Summer Trail, Stonebridge, Montecito, Chaco Canyon, Bella Monte, Denali, Mesa, Valla, Collina, Stonehurst, Silver Hills, Monterey Cove, Sterling Ridge, Monterey Manor, Monterey Square, Alturas, Cascade, Quintessa, San Gabriel, Tramonto Villagio, Tuscany Ridge, Watermarke, Montelano, La Puerta, San Mateo, Cascade Phillips Homes, Azure Canyon, Augusta, Alpian Meadows, Ellingwood, Belford, Crestone, Cameron, Monte Novella, Madera, Trissino, Las Colinas, Mirasol, Mandolin, Via Valencia, Rio Vista, Via Ventura, Monterey Ranch, Serrano, Tuscany Hills, Talavera, Tuscany Canyon,... More Info @ www. mountainsedge.com
Silverstone Ranch– A master planned community situated on the Silverstone Golf Club a 27 hole championship course. This community is located in the Northwest area of the city near Grand Teton and Buffalo Drive. Picnic areas walkways, basketball and tennis courts, barbeque areas, great schools,... Silverstone Ranch – Princeville Collection – Single family homes ranging from 3,064 to 3,744 sq. ft. with 3 to 4 bedrooms and 2.5 to 3.5 baths and are located adjacent to the Silverstone Golf Club, …Silverstone Ranch – Pinehurst – A gated community built in 204 and is also adjacent to the Silverstone Golf Club offering single and two story townhomes ranging in size 1,345 to 2015 sq. ft. 2 to 4 bedrooms with attached garages, fireplace, covered patios, Silverstone Golf club, putting green, driving range, clubhouse, weddings and parties, More info
Silverstone Ranch – The Palms – A guarded gate community inside the master plan of Silverstone Ranch.
Painted Desert – This guard gated community is located at Ann and the I95 in Las Vegas. With 1,600 homes built on 460 acres with a range of 1050 to 5300 square feet, …
Lake Las Vegas - Lake Las Vegas in Henderson, Nevada, refers to a 320-acre artificial lake and the 3,592-acre developed area around the lake. The area is sometimes referred to as the Lake Las Vegas Resort. Lake Las Vegas is being developed by 5 companies including Lake at Las Vegas Joint Venture LLC.
You can live the dream at Lake Las Vegas master planned community. This community offers a variety of residential homes with endless amenities. Waterfront homes, private hilltop mansions, or great vacation homes, Lake Las Vegas has some of great options.
Lake Las Vegas Bella Fiore – Located in Henderson, this magnificent site features Tuscany Themed style homes. The Falls Golf Course has many of these properties on the fairways and water with up to 5 bedrooms and 4 ½ baths. Great pricing reduced from the original price.
V at Lake Las Vegas – This community of Condominiums has great views of the Lake, Golf Course, Village, and Mountain Views.
Vita Bella at Lake Las Vegas – Is a private gated community located on Lake Las Vegas featuring luxurious Townhomes. Prices starting around 300k there are many amenities such as the pool, spa/hot tub, 2 story, 2 car garage, …
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Silverado Ranch - Just adjacent to the popular Green Valley but actually within the city of Las Vegas, Silverado Ranch offers a more affordable array of homes for those who love the southeast location close to the airport and Las Vegas Strip. Silverado Ranch started construction in the late 1990s and already has a host of its own stores, theaters and shopping while still within easy access of the more upscale properties in Green Valley. More Info,..@ www.silveradoranch.tom
High Rise / Condo's
There has never been a better time than now to find the perfect location in a high rise condominium overlooking the Las Vegas strip and skyline.
Spanish Hills Homes – Has several distinct neighborhoods ranging from 1,000 sq. ft. townhomes and single family homes and custom properties up to 20,000 sq ft. Spanish Trail Country Club was designed by Robert Trent Jones Jr.,and plays as three separate nine-hole courses with 15 lakes and waterfalls with green fairways. It was formerly home of the PGA's Las Vegas Invitational.
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Inspirada- Inspirada is a 2000 acre master planned community to developed by Focus Group in the southern foothills of Henderson. Inspirada is a community offering dense, pedestrian-friendly neighborhoods interconnected with narrow streets, village squares, parks and open space. The community is one of the nation's largest "new urbanism" communities, spread across nearly 2,000 acres and featuring 11,500 residences.
More info,...@ www.inspirada.com
Seven Hills - Absolutely some of the most incredible views in the city are to be found in the 1300 acre Seven Hills community in the southern foothills of the Valley. Built around the Rio Secco 18 hole championship golf course and the Butch Harmon School of Golf, Seven Hills features both developer built homes, as well as numerous custom neighborhoods with mansions going past the $5,000,000 mark. The whole community was designed to have numerous parks and green belts to keep an expansive feeling. More Info,..@ www.sevenhills.tom
MacDonald Ranch - Sun City MacDonald Ranch is located in southeast, east of Green Valley Parkway and south of the I-215. Amenities include tennis courts, jogging paths , a recreation center, great swimming pool, and an incredible 18 hole golf course that is actually owned by the homeowners at MacDonald Ranch. The golf course is an executive course with 20 green fees for a full round of golf. In general, home sizes range from under 1100 sq. ft. to around 2,300 sq. There is security patrol and a 24 hour guard gate providing privacy and extra security. MacDonald Highlands is the golf course community carved into the mountains. Semi custom homes ranging in size from 3000 sq. ft. to 5000 sq. ft. This is also a great place to build your dream custom home or purchase a resale property.
Sun City MacDonald Ranch offers great amenities for the residents and community activities and events for everyone to get involved and participate in the events. A 36,000 square ft. clubhouse, fitness center, pool & spa, dance, sewing & ceramics studios, art & crafts centers, and 9 miles of trails.
Communities: MacDonald Highlands, Sun City MacDonald Ranch, Adobe HIlls in Sunridge, Crestmont in Sunridge, Canyons at MacDonald Ranch, Hidden Canyon in Sunridge, Laurel Hills in Sunridge, MacDonald Highlands, Montana Estates in Sunridge, Montana Manor in Sunridge, Mystic Ridge in Sunridge, The Retreat at MacDonald Highlands, The Reserve, Silver Meadows in Sunridge, Sun City MacDonald Ranch, Sunridge Heights in Sunridge, Terrazo..More Info @ www.macdonaldhighlands.com
North West Las Vegas Communities
From Cheyenne, just north of Summerlin, to the north and from the I-95 to the west is generally considered north west Las Vegas. Many claim that it has the Summerlin feel without the Summerlin prices.
Communities like Iron Mountain Ranch or El Capitan Ranch offer very comfortable living. In fact, residents enjoy just about every style and price range of housing found in the valley. Las Vegas real estate from starter homes to elaborate custom homes people can find what they want. The north west is one area where a lot of custom building is still happening. Huge homes spread over considerable acreage have been around for years as neighboring homes are being built. Many homes in Las Vegas look alike in style and feel but certain parts of the north west display new unique homes. Some of the communities are designed in conformity for those who enjoy the traditional neighborhood feel. Some of the newest communities developed in the valley can be found as ground is broken daily. Many people decide to live in north west Las Vegas because of its distance from the hustle and bustle of city life. They have adequate access if they want it but in many cases residents are 40 minutes from the strip which narrows down the noise, traffic, and activity. It is out of the way for those who prefer a quieter standard of living. North west Las Vegas communities tend to have fewer or lower HOAs than some other parts of the valley. Some of the communities were built with the idea in mind that the residents and home owners would govern themselves and maintain great neighborhoods. For those who don't mind paying for an
HOA to ensure their community remains clean and orderly there are communities for them. Many of the streets and neighborhoods have been around for a decade so shopping centers and business parks are already established which isn't the case in some still developing parts of town. Huge grocery centers, pet stores, furniture, banks, restaurants, etc. are close at hand. Though the north west is out of the way there is great access to the rest of the city. The Beltway 215 has been expanded to handle a great deal of traffic. The I-95 cuts strait toward the strip when going south and towards Mt. Charleston when going north. Both intersect with the I-15. Arterial streets run through the area as well providing for ample access to most areas of town.
TPG's Keys to Your Best Deal
The Critical Importance of Understanding Home Affordability
Deciding to purchase a home requires an enormous amount of self-assessment and detailed planning before making this long-term commitment. It is an individual choice that requires careful consideration and an analysis of the realities associated with home ownership. The great American dream of owning a home may not be for everyone for a variety of reasons. It does require some lifestyle changes that many people are not willing to make. Those who want to fulfill the American dream of owning a home must make that their first priority and begin to prepare for it.
Early Financial Preparation Makes Buying a Home Easier
Mortgage calculators help prospective home buys determine exactly how much they can afford. They are tools that help determine how much home is affordable based on income, interest rates and length of time for the loan. Lenders are interested in calculating a person's debt-to-income ratio during the loan approval process. Generally, if the debt-to-income ratio is above thirty-six percent, chances of getting a loan are slim. This is the time to begin the process of attempting to reduce the amount of debt before applying for the loan.
Credit Scores Play a Major Role in the Loan Approval Process
Many people never think about their credit score until they apply for a loan. Sometimes they are surprised to find that their scores are too low, which disqualifies them to some loans. The three major credit-reporting agencies keep track of all credit transactions and assign a score based on the way credit is handled. Credit scores that range between 700 and 770 are considered good, but it all depends on the lender. Each one has their own set of criteria for approving loans. Those with low credit scores cannot expect to get the best interest rates on a home loan. These are reserved for those with the highest scores. Those with low credit scores can fix their credit if they are aware of it early enough in the home buying process. Since it may take months to undo credit problems, checking early allows time to begin the process of rebuilding credit before applying for a loan. Annual credit reports are free and it pays to check early.
Financial Requirements to Consider
Purchasing a home is probably the largest purchase most people will make during their lifetime, which makes being prepared even more critical. It is imperative to evaluate all personal finances and determine how much money will be available for a down payment. A good rule of thumb to follow when trying to determine how much of a down payment will be required is to decide on the amount of money that will be spent on a house. Most loans require a twenty percent down payment. Most lenders require this much down in order to provide better interest rates and loan terms. Making a substantial down payment helps buyers avoid paying private mortgage insurance and protects as decreased property values. In addition to the cash needed for a down payment, there are some hidden costs to consider. Extra funds will be needed to cover appraisal costs and closing costs. This should be taken into account when evaluating the affordability of a home purchase.
The Inevitable Effects of Local Market Conditions
Market trends have an impact on what buyers and sellers can expect, but national averages do not reflect local market norms. The local economic conditions determine local market trends, which are much more reliable gauges of market status. It is best to pay attention to some local market indicators to help determine affordability in the housing market. These markers provide a clearer picture of the local housing market than national ones. Research the number of applications for new building permits, real estate statistics showing the number of homes currently listed, how long they have been on the market and median listing and sales prices at the local level.
The Importance of New Construction Permits
This is a good indicator of market demand. Builders and developers will not be building if there is no current demand. Cities and towns accept applications for new construction permits. These are easily accessible through city and county government offices. Supply and demand plays a key role in new development. Building trends affect housing prices.
Important Market Trend Indicators
Several online real estate websites list houses for sale in a particular region. Among these are Trulia and Zillow. Both of these sites allow a prospective buyer to search for properties for sale in a selected area. This is one way to determine the number of homes currently on the market, how long they have been for sale and the listing prices. Another way is to search real estate ads in the local newspaper. Many local real estate brokers and agents maintain a website with their listings. This is an excellent source of information regarding listing prices, time properties have been on the market, detailed information such as cost per square foot of homes and median price ranges in selected areas. Some sites list the average sales per month. The softness of a market is determined by inventory that is moving slowly or has remained level for twelve months or longer. An indicator of an improving market is to compare how long it took a house to sell six months to a year ago compared to now.
Employment Trends Play a Key Role in the Housing Market
The local economy of any area is affected by current economic conditions. In areas where new businesses are welcomed to the city, those businesses bring a boost to the local economy. Big employers sometimes transfer employees to the new locations. These employees must find housing thus increasing the demand for more available existing homes and new construction. If unemployment rates are high in the area, housing demand will decrease. New businesses will bring job offers and help increase the population. A growing populace signals a future uptick in the local real estate market.
Determining Affordability Before Applying for a Loan
In order to qualify for a mortgage on a median-priced home, a prospective homeowner should understand that the monthly payment should not exceed twenty-five percent of the gross monthly income. Using this formula, the necessary monthly gross income should at least be equal to the monthly payment multiplied by four. A review of a recent tax return helps determine the annual gross and net income based on the W-2 tax form. Keep all this financial information in a file for quick reference. A factor that is as important in determining affordability of a property is the current effective mortgage rate that is reported monthly by the Federal Housing Finance Board. This rate allows homeowners to calculate the additional costs associated with a mortgage besides the basic monthly mortgage payment. Interest rates and fees associated with owning a mortgage must be added into the equation when trying to determine qualifications needed when applying for a mortgage loan and ultimately servicing it.
Reasons for Buying Instead of Renting
Many benefits are derived from owning a home including a sense of freedom and privacy. Renters must comply with rules set forth by the landlord including noise restrictions and pet ownership. Homeowners have the freedom to make any permanent changes to the property without having to consult with anyone. Homes give owners the added benefit of being in charge of an appreciating investment while enjoying living in it. Market fluctuations have do not affect fixed mortgage payments, unlike rent payments, which are volatile and can change whenever a lease term ends.
Homeowners can deduct mortgage interest from their gross income to help lower their taxable income when filing income tax forms. Being able to itemize deductions helps with tax obligations depending on filing status. All interest paid on a mortgage and accompanying costs associated with owning a home are deductible. Even loan discount points may be included in the deduction.
Purchasing a home gives the owner the distinct advantage of building equity over a period of time. A home is a valuable asset that grows as the mortgage is paid down. Equity is the difference between the total mortgage amount and the current market value of the home. When the housing market is favorable, the return on the initial investment can be substantial. Many people choose to borrow against built-up equity. This is known as a home equity loan that many people use to pay down higher-interest loans, finance a college education or make home improvements.
Possible Reasons for Not Buying a Home
Some people are not willing to take what they perceive as the risks involved in buying a home. Even though owning a home provides stability, many people are not willing to give up the perceived freedom from being able to walk away from a rental. Renting provides more flexibility to just pick up and move without the hassle of having to sell a property first. Some may lack the confidence that is needed to commit to a long-term debt knowing that the mortgage payment is not the only expense involved in home ownership. Many are just not ready for this commitment. Anyone who is in an unstable relationship may fear the possibility of being left to handle the debt alone. For them, renting is a much better choice.
Financial Reasons for Renting Instead of Buying
There are circumstances where renting is better for some people. Career positions that require extensive traveling can limit an individual's living choices. Being away from home for extended periods of time make it almost impossible to maintain a home and yard. Many times those people, who are in the process of building a career, only need a place to stay when they are not on a trip. Renting works out better for them especially when it is much cheaper to rent than to own. In some places, rent can be as much as fifty percent cheaper than a comparable sized house. The extra monthly expenses associated with home ownership are eliminated with renting. Besides the monthly rental payment and possibly utilities, there are no other costs associated with renting. Other than adhering to required lease terms, it is simple to move whenever necessary.
Costs Directly Associated with Home Ownership
When considering the possibility of purchasing a home, it is best to deal with reality. Sometimes the purchase of a home is an emotional decision rather than a sound financial one. It is much better to know up-front the costs of owning a home and then decide whether buying it is the best choice. Mortgage payments are only the beginning of the expenses associated with owning and maintaining a home. The initial cost of purchasing includes making a required down payment of between ten and twenty percent of the purchase price. Inspection fees and closing costs must be figured into the equation. Homeowner's insurance, property taxes and utilities can be a major monthly expense that must be factored into the overall cost. Landscaping and lawn maintenance are additional expenses. Many neighborhood have a Homeowners Association that requires an annual fee which is used to maintain streets and any common areas.
Making an Educated Decision to Purchase a Home
People living in the United States are fortunate to be able to make lifestyle choices. Some feel that home ownership is the fulfillment of the American dream, while others prefer a much more flexible lifestyle. For those who prefer owning instead of renting, purchasing a home is probably the largest single investment they will ever make. For this reason, it is important to understand everything involved in home ownership before making the final commitment to buy. Those who research the market, examine their own finances, and try to separate myths from truths about home ownership are better prepared to make this serious decision. If they conclude that their goal of achieving the great American dream is an attainable one and understand everything associated with this long-term commitment, they will reap the benefits of home ownership. Understanding affordability of a home purchase helps individuals make smart financial choices. Seeking professional assistance is advisable for those with questions or concerns. Advance preparation ensures a smoother transaction.
Peccole Ranch -A lovely family neighborhood especially noted for its pocket parks and walking paths, Peccole Ranch is located west of the city near the Lakes and Summerlin. There is a wide variety of homes and prices from modest family homes to luxurious custom estates in the prestigious guard gated Queensridge. Queensridge has a very European feel to it with winding tree lined streets, private pool and tennis facilities. More Info...@www.pecoleranch.net
Eldorado Heights - Eldorado Heights is a gated-community of new homes for sale in Pardee Homes’ master-planned Eldorado community in North Las Vegas featuring a collection of seven new floor plans with extra-large kitchen islands, game rooms and even a four-bay garage and debuting Pardee’s exclusive GenSmart Suite™ with private entrance and living areas. With optional floorplans of 3 to 7 rooms, 3 to 5 baths, and 2373 to 4241 sq ft living space.
Eldorado - To the far north of the city the Eldorado community offers modestly priced homes in a lovely family setting with parks and schools within the development. Part of the city’s growing "Golden Triangle", this area is great for first time home buyers and large families who need a lot of home for the money.
Summerlin Golf Course Homes- There are many amenities such as pedestrian bike paths, arts pavilion, library, The District (cultural center) and Green Valley Ranch Hotel and Casino.
Summerlin The Canyons– A luxury golf course community located on the TPC Country Club with a 24 hour guarded gate, plenty of trails, children’s areas, and places to walk your dog, .. More Info - Click Here
Summerlin TPC– This par[TP1] 72 golf course was designed by golf course architect Bobby Weed. The amenities and member benefits makes it one of the most prestigious clubs in the nation. These homes start at the low millions to 10’s of millions, … More Info - Click Here
Summerlin Red Rock Country Club – Located on 738 acres it is an exclusive guard gated community within the Summerlin Master Plan. They have 2 Arnold Palmer designed 18 hole courses. Average price range is 1.2 million, … More Info - Click Here
Summerlin The Hills – This was the first community built in the Summerlin Master planned community. It is known as one of the most beautiful communities in Las Vegas. Offering several residential neighborhoods, many of the properties are located on the TPC Summerlin Country Club, … More Info - Click Here
The Ridges - is a luxury, guard-gated residential village located along the western edge of Summerlin’s southern region. Distinguished by hills, ridges and stunning topography that reaches an elevation of up to 3,200 feet above sea level, The Ridges offers outstanding views of the Las Vegas Valley. This upscale village encompasses 887 acres of luxury custom home sites and single and multi-family production homes. The village’s architectural theme, Desert Contemporary, is an eclectic style that exudes a high level of sophistication. At the centerpiece of The Ridges is the 18-hole Jack Nicklaus-designed high daily-fee Bear’s Best Las Vegas golf course. The Ridges also boasts a 9,000-square-foot state-of-the-art fitness/swim/tennis facility called Club Ridges, available for the exclusive use of residents. Two neighborhood parks also provide for free play in open green spaces.
New neighborhoods currently selling in The Ridges are Boulder Ridge by Christopher Homes, Sterling Ridge and Silver Ridge by William Lyon Homes and Azure custom home sites. More Info. @ www.summerlin.com
Spanish Trails - Spanish Trails has been one of the most prestigious communities in Las Vegas. This oasis is truly a paradise with incredible homes surrounding a magnificent golf course. The Spanish Trails golf course features 27 holes and is rated as one of the worlds finest courses. There are more than 1,200 homes that live in this private community. Offering the Sunrise Course, Lakes Nine Course, and the Canyon Course for challenging play.
Green Valley - Green Valley is a master planned community in Henderson, Nevada. It is a community covering over 1,300 acres with a mix of planned neighborhoods, office space, retail, medical, and an incredible Casino Resort Hotel. There are several dedicated acres to parks, bike paths, schools, recreation, pedestrian walking paths, and wide open space areas. The landscaping has hundreds of palm trees and desert landscaping with creates a truly natural environment. Plenty of recreational facilities and an overall natural and beautifully planned community. With the completion of the District at Green Valley Ranch it also offers a fabulous array of stores and restaurants, and the Henderson Community Center is a masterpiece with its amphitheater, library and community pool.
The schools in this area test high for the district and Green Valley High School claims the distinction of being one of the top ten high schools overall in the whole United States in 1997. This area is noted for being family-oriented and its high quality lifestyle.
Eldorado Ridge - is located in Pardee Homes' master-planned Eldorado community in North Las Vegas and is the first gated-community to date in Eldorado. Prices start at the mid 200,000.00 with optional floor plans of 3 to 7 bedrooms, 2 to 4 baths, and 1849 to 3001 sq. ft.
Sellers - Why List with Us?
We are one of the top real estate web-sites searched on the world wide internet web, ranking first on the front page on such search engines google, bing, and Yahoo. As such, the exposure of your property will be seen by more buyers in the market than if an agent is listing your property exclusively on the MLS service. Further, your listing with us will not be competing with hundreds of other Las Vegas properties. We average over 1000 visitors a month to our web-site all looking for information on our site, our agent's qualifications, and view the properties we are offering/featuring. We specialize in making your property stand out with top end photographs and video coverage. We then professionally edit the photographs and video to increase interest, demand, and offers to buy. Schedule an appointment today with Tommy or one of our associates and we will discuss how our marketing plan will get you the top selling price.
General Information- When selling your home, you want to squeeze as much value as you can out of it, but how? For inexperienced sellers, moving a house can seem to be a monumental task filled with confusing jargon, complicated paperwork, frustrating response levels, and unexpected, highly costly expenses. That last issue, the expenses that come with selling a home, are the biggest concern that sellers have when trying to stamp the words SOLD in big bold letters over top of their for sale sign.
There are a number of different factors to consider when trying to save money while selling your house, including deciding whether you want to hire an agent or sell the house yourself, the best and most inexpensive marketing techniques, how to save on legal matters, and how to make sure your home is ready to sell without overspending. Knowing which routes to take and how to approach them will make your head spin if you do not know where to start, and that is why we are providing you with a comprehensive guide to save every penny that you can when putting your home up for sale. Our guide includes a list of each possible road to follow; with our detailed breakdowns on how to save the most money possible for each one will make traversing that path seem a little less lonely.
Make Sure the Price is Right
Listing your home at an optimal price is unfathomably important. List your house to high, and no prospective buyers will bite; too low and you could be costing yourself tens of thousands of dollars. That is why you must know your home's market value; while knowing this may seem tricky, it can be made awfully simple by knowing a few basic things. First, you will want to visit those real estate listing sites, because most of them provide details about recent sales. In order to obtain more details about the recent sales in the area, you can visit your county's public records website. All property sales are made public record by law, and most county public records websites allow anybody to search for recent sales by zip code, neighborhood, and address.
Comparing your home with houses in the area will allow you to better gauge your home's value, but don't just try to match the prices that you see other properties being sold for. If a nearby house similar to yours is sold for $200,000, but you have a swimming pool and they don't, add about ten grand to your home's value; the same goes for number of rooms, bathrooms, square footage, property area, ect. Use anything that you think might add value to your home to leverage a few more dollars into the listing price. Remember, though that the inverse rule applies if your home is missing features that a recently sold house possesses. Once you know what your desired selling price is, list your home at a price about five percent higher, because buyers are going to want to negotiate anyway; if you get lucky, someone might just go for your listing price; otherwise, let them talk you down to your preferred selling price.
Also remember that the market is not static, and neither is your listing price. If the overall market drops, make an assessment to see if you need to lower your price; if the market spikes, don't be afraid to slap a few grand onto your asking price.
Market your Home
Now that the word is out that you want to sell your lovely three bedroom townhome for $200,000, it is time to let everyone know why your home is a better deal than the identical one down the street that is selling for the same price.
There are countless marketing tactics, and some of them can be costly. Many people think that a good marketing plan involves big bucks, but smarter, more cost-conscious marketing plans are always more effective than plans that mostly involve tossing dollars down a black hole without really knowing if you are getting reasonable returns. Below are some of the best and most cost-effective ways to market your home:
Lawn Signs: Although many people no longer get out enough to come across FSBO signs, there are those who do; some people interested in buying a new house will even drive around searching for FSBO signs.
Post Positive Details about your House on those Online Listing Sites: People scanning the web for a home look at prices first, but pricing is so strongly guided by the market that they look for something to set the homes they click on apart. Be creative, and list every positive element of your house in vibrant, but concise detail; be sure not to over embellish though. Being truthful will go a long way in closing on potential deals that you attract.
Photograph Everything! When someone is searching for a new home, they want to be able to picture themselves living there. By photographing every nook and cranny of your house—free of clutter—you are sure to get about a dozen photos that will allow prospective buyers to visualize themselves in your home.
Create Catchy Headlines
When posting to an EBay or Craigslist, or putting an ad in the newspaper, you are competing with countless other sellers who all want to be noticed just as much as you do; there are so many that most home shoppers won't give an advertisement more than a few seconds to entice them. This is why a concise, catchy headline will go a long way in attracting prospective buyers.
Highlight as many positive attributes about your home as you can in only a few words. If you think your house is worth more than what you are selling it for, try “Selling Below Market Value”. If your home is conveniently located near the metro train station, write “Conveniently Located Two Blocks from Subway”. Heck, try to rhyme if you can. Get creative. Others will try to be.
Hold an Open House or Two
This will help get the word out to people in the local area that you are selling your house; even if the people that attend aren't really interested, this will help spread the word.
Make sure your house is CLEAN when you hold an open house. And by clean, we don't mean tidy. Clear out the living room, the bedrooms and the basement. Create as much open space as possible. People are coming to see your property so that they can visualize living there in their own style, not to see how well you can decorate.
Cover your Legal Bases
Hiring a lawyer usually only costs a few hundred dollars, and they will make sure that you do not make a legal mistake that could cost you tens of thousands of dollars. Before you to sign or agree to anything, consult a lawyer, and if at all possible, have a lawyer that YOU hired present at all steps of a transaction.
Find out How the Buyer Intends to Pay
Once someone has contacted you about your home, it is prudent to fund out how they intend to pay. A buyer paying cash, for instance is a sure bet. Buyers that are pre-approved for a mortgage are usually pretty certain as well. Watch out for buyers who haven't been approved for a mortgage, or who won't specify how they intend to pay. These people are likely to end up wasting your time.
Negotiate a Price that Works for You
Now that prospective buyers are banging on your door, and you have a lawyer covering your backside, it is time to begin the negotiation process. When in the midst of a negotiation, a smart buyer is going to try and convince you that it is a good idea that you should sell your home well below its value; when the negotiation process starts, each side is trying to sell the other on a sale price. Don't let them suck you in to a price that you don't feel comfortable with. Stand firm and keep hitting them with counteroffers; if they don't like your final offer, you should have marketed well enough that they aren't the only one interested, so move on.
Keep in mind that offers and counteroffers are usually made in the form of a binding contract if both sides agree, so don't make multiple counteroffers, because you could be in serious legal trouble if multiple buyers agree to your counteroffers—your lawyer should advise you of this.
Now that you have nailed down a buyer at an agreeable price, you can just sit back and wait for closing right? Absolutely not. Once a contract is signed, most buyers will require a home inspection period to determine if any major repairs are needed to bring the home up to par; if there are, the contract could be voided, so it would behoove you to find and fix and broken water pipes, roof leaks, or termite infestations that you find.
The Ridges – With price ranges starting at 2 million to 20 million this is truly one of the most exclusive communities in the city and was named by Forbes as the third most exclusive community in the United States. Superb architecture sets these custom homes apart with Red Rock Canyon right at your back door. Championship golf at Bears Best designed by legend Jack Nicklaus is one of the most highly acclaimed courses in the world
Where you decide to put down roots is one of the most important decisions you'll ever make.
Summerlin Communities - Is a master planned community developed by the Howard Hughes Corporation and it lies in the city of Las Vegas and in incorporated Clark County. It includes residential, commercial, educational and medical, open space and cultural. With an average income of $139,061 it is one of the most affluent communities in Nevada it was named one of the best places to live in the country, …
Summerlin Arbors - Located in the heart of Summerlin, The Arbors is a village within this master planned community with over 1200 acres located east of the I-215 Beltway. It offers semi-custom, custom, and luxury homes. It has the following communities; Amber Hills, Arbor Grove, Arbor View, Belvedere, Breamoor Heights, Brookfield, Chardonnay, Cypress Pointe, Fallbrook, Napa Hills, Oak Hills, Oak Knoll, Quail Ridge, Rosewood, Royal Woods, Silver Pines Condominiums, Sonoma Hills, Vineyards, Westbrook, Woodlands Summerlin The Paseos - A newer Summerlin community the Paseos has a great park with soccer, baseball, t-ball, water park, and picnic areas. Primarily single family homes, with three car garages and optional casitas starting at $200,000, … Summerlin The Pueblo – Is a 68-acre village with 62 acres making up Pueblo Park. There are incredible views of the valley with hiking trails, children’s park, and great basketball courts. The homes were built in the 90’s and there is no new development, …
Summerlin The Trails – One of the original Summerlin single family residential homes located on 573 acres. It offers starter homes, larger family homes, and custom luxury built homes. A great community center, swimming pools, children’s areas, open spaces for walking and running, dog park, etc.. Neighborhoods in the village include Canyon Oakes, Country Rose Estates, Highline at the Trails, Highpoint, Indian Hills La Paz, Las Colinas, Mountain Gate West, Oak Hills, Sierra Ridge, Willow Bend, …
Summerlin The Vistas – The new homes at the Vistas have sold out, but there are plenty of chances to buy a resale property. Large community parks and incredible views with European inspired villages, great views of the strip and Red Rock Mountains, …
Communities - The Mesa, The Cliffs, The Paseos.
The Mesa - is a 497-acre residential village located in the southern region of Summerlin at Hualapai Way and Russell Road. Nestled against the impressive Spring Mountain range, The Mesa village’s architectural style is defined by the use of horizontal lines and the prominent use of natural building materials to blend with the surrounding environment. Homes in The Mesa emphasize seamless indoor/outdoor living spaces while the village’s artfully designed desert landscape creates inviting streetscapes for year-round color and shade. The village is anchored by Bishop Gorman High School and Mesa Park, a 17.5-acre park located at the center of the village includes basketball and tennis courts, lighted softball fields, open play areas, covered children’s play areas and a picnic area. Summerlin’s award-winning trail system continues throughout this village, linking neighborhoods to Mesa Park and providing a pleasant and convenient pedestrian experience .
Aliante - Aliante offers beautiful desert landscapes and incredible views of the mountains and the city. There is dedicated recreational areas for the public who are used to an active lifestyle. For the golfers there is the beautiful 18-hole Aliante Golf Course. A 20 acre nature discovery park provides a lot of excitement for the young adults with interactive dinosaurs and water play area. In addition, there are picnic areas, tennis courts, soccer fields, baseball fields, horseshoe pits, and a volleyball stadium. A waterfall and man-made lake are enjoyed by all of these homeowners.
Communities: Aliante North, Allen Manor, Amberwood Estates, Ann Losee Village, Arbor Gate, Arroyo Grande, Azure Place, Belmont Terrace, Cambridge Heights, Carmena, Centennial Azure, Centennial Bruce, Centennial Crossing, Centennial Park, Cheyenne Ridge, Cheyenne Valley, Club Aliante, Cove At Aliante, Eldorado, Nelson Ranch, North Valley Court, Ravenna At Aliante, San Destin Palazzo Aliante, Sun City Aliante, Terrasini at Aliante More Info @ aliantemaster.com
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Tuscany Village - The beautiful master planned community of Tuscany Village is located in the southeast area of the Las Vegas Valley, adjacent to the world-renowned Lake Las Vegas master planned community. Residents can play the championship Tuscany Golf Course, work out at the 35,000 sf recreation center with state of the art fitness center and resort style pools, or walk for miles among open trails, crystal clear lakes and palm trees.
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Spanish Hills Homes- Prestigious community with large lots, great amenities, and great location. Golfing at Spanish Trails, swimming pools, tennis courts, fitness center, and spas, guard gated, with over 1,200 multi-million dollar homes, great views of Red Rock and the Vegas
The Lakes - Located directly west of the Strip, the lush Lakes community was started in the mid-1980's around several large man-made lakes and offers a variety of water sports. There are lots of green belt areas and jogging trails, and a variety of residential properties from condos to semi-custom homes to luxury custom estates on the waterfront
Centennial Hills – At the Northwest edge of the city offering single family, condos, townhomes, and horse properties. Close to Mt Charleston and Floyd Lamb State Park, picnic areas, hiking trails,
Eldorado North Peak - North Peak is located in Pardee Homes' master-planned Eldorado community in North Las Vegas. The gated neighborhood features four all new home designs featuring open floor plans, covered patios, lofts and more. Featuring one- and two-story homes with up to five bedrooms and three baths, North Peak includes floor plans ranging in size approximately from 1,888 to 2,948 square feet. Homes at North Peak offers two- and three-bay garages as well as Pardee’s innovative and energy-saving LivingSmart® program and available GenSmart™ Suite for multi-generational living. The sales office and model homes are located on Old Creek Way just off of Deer Springs Road and east of Gentle Brook Street in the well-established Eldorado community on the northern rim on the Las Vegas Valley. Convenient access to the 215 Beltway make Nellis and Creech Air Force Bases as well as downtown Las Vegas within easy reach. Schools, retail, dining, entertainment and other services are located in close proximity while fun and family adventures await at nearby Seastrand Community Park, Eldorado Park, Aliante’s Nature Discovery Park and the Aliante Library.
Las Vegas Realtor Tommy Pursel
Residential, Commercial, and Home Services Buyers Agent / Listing Agent
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Contact Tom Pursel for your Purchase, Lease or Sale today!
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Las Vegas real estate agent Tommy 'DJ' Pursel was born and raised in Las Vegas, attended UNR and graduated from UNLV in 1985. He was the #1 top negotiator in the country from 1988 to 1999 for the HEREIU Fund and was the manager of their legal department. Before working for the Fund, he was honored 9 times as salesman of the month at Desert and Las Vegas Honda dealerships. He has owned and operated a successful dj company in LV for 20 years.
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Desert Shores - Desert Shores is a beautiful mature planned community of man-made lakes in the northwest at the eastern edge of Summerlin with approximately 3500 homes. The lakes are stocked with fish and there is a resort-style community center with pool and spa, beaches, sand volleyball and picnic areas. It was recently recognized as one of the top five community neighborhoods in the United States. It was named one of the “hottest neighborhoods” in Las Vegas master planned communities.
More Info. @ www.desertshoreslasvegas.com
TPG - Featured Exclusive Listings
Southern Highlands-This is an oasis in the middle of the Las Vegas desert. A place where you can live, play, shop, and dine. Amenities include several parks, trails, recreational areas, and top rated schools. Community events for the homeowners and an incredible living experience. Spanish Hills Homes – Has several distinct neighborhoods ranging from 1,000 sq. ft. townhomes and single family homes and custom properties up to 20,000 sq ft. Spanish Trail Country Club was designed by Robert Trent Jones Jr.,and plays as three separate nine-hole courses with 15 lakes and waterfalls with green fairways. It was formerly home of the PGA's Las Vegas Invitational.
Providence - Providence is a 1200 acre master planned community nestled high in the northwest corner of the Las Vegas Valley off the I-215 Beltway at Hualapai Way close to scenic Mount Charleston and Floyd Lamb State Park. Providence has 30 distinct neighborhoods and approximately 7,500 residences, from estate homes to condominiums, built by national developers including Beazer, Lennar, RS Development, Richmond American, KB, Meritage, Ryland, Warmington and Woodside. More Info,..@ www.providencelasvegas.com
Iron Mountain Ranch – One of the smaller planned communities with average pricing at $265,000 offering terrific incentives for the first time home buyer on the Northwest side of town, schools and shopping are close by with large enough lots for RV’s, …
Southshore – Single family homes, condominiums, apartments, and commercial properties located in the Northwest near Desert Shores and Summerlin. Red Rock Canyon is a few minutes away as well as Floyd Lamb State Park, public golf courses, …
The Cliffs - is a 450-acre residential village located in the southernmost tip of Summerlin at Hualapai Way and Sunset Road. It will eventually be home to 11 neighborhoods encompassing up to 1,700 single-family and multi-family homes. Nestled along the base of the Spring Mountains, The Cliffs draws its name from the rugged ridgeline that forms the backdrop to the village. The sloping topography naturally demands rugged contemporary architectural designs that blend with the surrounding environment. Neighborhoods in The Cliffs village will maximize views of the valley and the adjacent Spring Mountains, with some neighborhoods specifically sited and terraced to allow for unobstructed views. To further maintain the area’s natural beauty, parcels of land within the village have been set aside to remain undeveloped. Small parks and long walking paths with elevated rest stops and open spaces for overlooks are planned throughout the village to connect the Summerlin Trail System. The village is home to Faiss Middle School, Wet ‘n’ Wild water park and Faiss Community Park & Aquatic Center and its adjacent to Bishop Gorman High School, a private Catholic college preparatory school.
Rhodes Ranch - Rhodes Ranch is an upscale guard gated public golf course community in the far southwest section of Las Vegas with lots of lush landscaping and meandering sidewalk trails built around the Rhodes Ranch golf course. There is a state of the art community center, pools, clubhouse, workout facility and more. Rhodes Ranch is a master planned golf course community located in Southwest Las Vegas. The community is expected to have more than 5,000 incredible homes designed by famous architect, Ted Robinson. An excellent vacation home as it is just minutes from the Las Vegas strip. If you love golf, you will find it at Rhodes Ranch Golf offering a unique blend of challenge and playability to golfers of all skill levels. Highlighted by a group of par threes which Robinson calls the very best that he has ever designed, this 6,909 yard course will envelop you in its lush tropical surroundings while providing you with a world class golf experience. Starting at $150,000 to $800,000, the association fees are approximately 150.00 a month to enjoy all the amenities such as the recreation center, fun zone water park, guard gate, and roaming security patrol, and strict speed limits to ensure peace of mind for families with children. More Info,..@ www.rhodesranch.tom
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LosPrados – Located in the far NW of the city, Los Prados is a guard gated community featuring a golf course, clubhouse, fitness center, pool, tennis, …
Rhodes Ranch– This master planned golf community lies in the Southwest with a projected 5000 homes upon completion. Guard gated and patrolled, lush landscaping, starting at 150,000 to 700,000. Rhodes Ranch is a popular guard gated golf course community located in southwest Las Vegas at the base of the Spring Mountains. The golf course is a 6,909 yard club designed by renowned architect Ted Robinson, and will have have more than 9,000 residences upon completion.
Rhodes Ranch is noted for its lush golf course views, towering palms and charming lamp lit streets. Nationally recognized builders offers several themed communities within the master plan, offering a wide variety of styles and prices. New construction is available, including an all single story neighborhood by Dunhill Homes called The Irons.
Rhodes Ranch has a 35,000 square foot recreational complex with incredible amenities. There is a state of the art full size gymnasium, tennis courts, racquetball and handball courts, basketball court, cardio and weight room, aerobics room, arts and crafts room, billiards room, multi-purpose rooms, a social area with its own baby grand piano, and cozy seating areas with fireplaces equipped with free Internet and Wi Fi.