Quoted: Good luck with finding a new house in Vegas. I do some work for one of the builders out here, and they, like every other builder, have waiting lists for every one of their properties. Even if you came in with $300k for a $200k new model house, you'll be on the waiting list. Was in a sales office when this almost happened. Buyer said they would pay cash on the spot for a new house. They still got stuck on the list at number 180-something with only another 70 units planned for release amongst all future phases. And of course the farther down the list you are, the longer the wait, the longer the wait, the more phases they go through. The more phases they go through the more the price increases.
Best bet would be finding a newer used house.
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Not to completely disagree with you, but there are plenty of new houses out there to be had!
They start framing mine tomorrow.
There are so many developments going up now, you have lots to choose from, especially if you have cash on hand. West of the 215 in summerlin is a great place to buy if you have the funds, but it is pricey. South of there is Rhodes Ranch and Southern Terrace (where I am) but those are getting in the later/end phases so you might want to look at newer developments so you gain equity every time they raise the prices. The southwest part of the valley is booming, and if you get in early you can make a killing in equity... if I'd bought mine in the first phase, I would have almost $90,000 in equity right now.
Plus the fact that if you build new you get what
you want, how
you want it, and it's all brand new! Not dealing with someone elses crappy carpet, shitty counters and cabinets, as well as wear and tear, was the biggest selling point to me.