The luxury home market in Las Vegas is hot – like the weather will be in a couple of months. This is a historic time for our local luxury market. In 2021, there were more homes – 46 sold that were over $5 million – than in other years in the history of Las Vegas.
Our Southwest region of Nevada is still very much in a luxury boom. An example of this among so many, homes in Ascaya is regularly selling near or above the $1,000 per square foot threshold.
What is driving this? And where does this lead? The Las Vegas area had a huge influx of California buyers moving to Nevada for tax purposes. Many of these homebuyers have been eyeing Nevada for years.
With the appetite for luxury in Southern Nevada, how can sellers make the most of it? In a market where there are lots of educated buyers, how can the seller position their home to get top dollar and limit contingencies so that they can take the best offer?
■ Get an appraisal ahead of time.
You will know your realistic price point from the start through the appraisal and using a Realtor that is familiar with the segment of the market – The Smith King Team has had multiple successes in the luxury market. This step can save sellers a potential headache down the line.
■ Get a home inspection.
This will also help you understand the bottom line of your home, as well as what major expenses may be needed to finalize a transaction. It is always good to have all the facts in front of you.
■ Stage your property.
People love a retail-like experience when touring a home. Ensuring your home is well-lit, smells nice, and is decluttered to the point where prospective buyers can truly envision making the space their own.
Keep in mind that whether you are interested in buying a home or selling a home, a Realtor should represent you– this person is working for your benefit and will help you navigate through the buying or selling process. We have celebrated selling both New and Resale Homes for over thirty years…..
We are here to answer any questions you might have – just email jennifer@smithteamlasvegas.com
Thanks and make it a terrific day…………The Smith King Team
