Wednesday, February 26, 2020 / by Ken Couture
The contingency program follows a strategic approach with focus placed on realistic pricing, home preparation, financial assessments, negotiating with homebuilders and customized services.
There are many things to consider before listing your home for sale or signing a purchase contract on the dotted line with a builder. First, you should take the time and decide if buying a brand-new home makes financial sense. There are many factors like your income, other personal expenses, savings and how much equity you may have after your current home sells.
Receiving a realistic comparative market analysis based on today’s Las Vegas housing market is an important piece of the financial puzzle. Many of our clients are surprised at how much they may realistically sell their home for these days in our continuously changing real estate market, and many are excited to learn that they may be able to up the price further by making strategic, cost-effective improvements like re-landscaping, painting, replacing worn carpet or staging.
With this information, a homeowner can determine how much equity they may have to purchase a new home and the ultimate price tag of a home they can buy. We’ll help you narrow down your home search based on the price point, your family’s needs, home design preferences and desired location. We can introduce you to neighborhoods with homes that meet your specifications, and where you can choose your specific home and home site and buy it on contingency.
Clients may choose from more than 100 floor plans of all sizes at 50-plus neighborhoods constructed by builder partners. Homes are in various stages of construction, ranging from empty lots to mid-construction and standing inventory.
After the homeowner selects the new home and negotiates a contingency purchase agreement with the builder, the team lists and sells the current home at a reduced commission, while offering the buyer’s agent the standard 3 percent commission. After the sale, we will help arrange moving services or helps locate a temporary rental, if needed, between the sale of the current home and the completion of the new home.