| Most
Desperate |
Builder |
Desperate
Stunt |
|
#1 |
D.R. Horton |
No interest for 12 months from America's most desperate builder. Still with way too much land in Sparks. Price has dropped $35,000 at Copper Ridge from our last update. Wait and save!
- "Cassero Ranch" at Wingfield Springs from the low $310k's.
- "Copper Ridge" 2,228 sf
$279k now $245k(775-690-4002)
- New! "Esplanade" condos at Damonte Ranch - 1,309 for $239k; 1,621 for $266k; 1,805 for $285k (775-745-8578) To make it easy - they've eliminated both downpayments and closing costs.
|
| #2 |
Centex Homes |
They bought way too much land in Spanish Springs and South Reno's Double Diamond area. Now they're blowing out the doors with crazy low prices on their tract production homes at Cyan's Sierra Meadows, Rose, Crest, and Sky. 775-853-0888. National home builder who needs incoming revenue bad. Sparks Miramonte Lasenda and Miraposa - 775-626-5529 They're throwing in appliances and
window coverings too. |
| #3 |
Tanamera Homes |
Savings up to $50k in Spanish Springs and Golden Valley. No specifics in ad, but clearly desperate to get foot traffic. |
| #4 |
Meritage Homes |
"Can't cut prices fast enough": National homebuilder in over their head and now ready to give you the "Price Pledge Guarantee". All this does it makes sure that while they're building the house (not after) that the price doesn't drop and you can prove it. We hear music to our ears at Meritage. They're trying to sell homes at Somersett from the upper lower $400's
upper $300k's (they
dreamed a few months ago the low $500's - these are dropping in price like a rock.) 775-787-6620 and Wingfield from the low $300's mid low $200k's 775-626-9941. Somersett and Wingfield Springs are the two weakest areas for new home sales in Reno / Sparks. We'd include a link - but they have no section for Reno on their corporate website as of November? |
| #5 |
Bailey and
Dutton |
Northwest Reno ready-to-sell homes (1,726 square feet) from $315k including front landscaping and fencing. They've got so much buyer fallout that they can move you in the Northwest at Laurel Ridge just 30 days (better than it sitting empty). 775-747-2300 (Northwest) |
| #6 |
Pioneer Meadows |
Outlying land + long commute times = cheap houses. Reynen and Bardis (R&B) and Lennar cranking out product up in Northeast suburban Sparks. Lots for $200k's and $300k's. For affordability in a master planned development this is worth a look after you drive 7 miles up Vista from I-80 highway. 775-626-2400 / 775-745-9407 / 775-354-1600 |
| #7 |
Tanamera
Condo "Resort" |
Apartments
converted to condos on South Meadows @ Double Diamond Parkway
when prices were peaking. Now offering "$10k in
incentives" from the mid $200's. With small homes
in Double Diamond / Damonte now approaching the $200's - this one may not be ripe yet... 775-852-0808 . Free plantation shutters this week and they'll make sure your agent gets paid an extra juicy commission (3% to 5% to buying broker). |
| #8 |
Morrison Homes (New!) |
They'd like to make 6 months of mortgage payments for you or furnish your house. Way up Vista and then way east gets you way out in Sparks Wingfield Springs. 2,100 sq ft from the high $300k's is no bargain guys in this market. "Estrella": 775-626-0100 |
| #9 |
Silver Star / Brighton Manor and Virginia Lake Crossing |
Ambitious "in-fill" developments near Moana and Lakeside and near Virginia Lake -- the areas have some charm. You'll be charmed by payments as low as rent ($1300 per month) and "many incentives". The homes will still cost you from the high $300k's and they are packed in very close with some bright, bright colored paint. 775-825-1811 Virginia Lake Crossing will get you
into the "pond" area starting at the mid $200k's. 775-825-1811 |
| #10 |
The Village at Idlewild Park |
Their motto: If you can't sell it, rent it! Lease (cheaper than buying at falling prices) for $850 per month. Condo's in an older, charming Southwest Reno neighborhood near the Truckee River and Reno High School. Priced from the $170k's (oops that's now $156k) which is a very low entry point. Big developers; quality construction; very good location. Worth a look 775-234-2777.
|
| #11 |
KB Home |
Zero downpayment; zero closing costs; move in for $1,000. Tract homes in outlying North and South areas need buyers now. Finished homes likely had buyers walk and KB is sitting on inventory with demand drying up. $434k for 3k square feet at Damonte Ranch and $400k for 2,600 square feet. Ravenna and
Calabria (what do these words even mean??!!!) 775-852-8522 / 775-850-1190. KB Home has never been too hot in Reno and really came in at the end of the boom. Bad timing equals good deals for you - push them hard. Both Ravenna and Calabria at Damonte Ranch are now priced from the low $300k's. Upgrade packages now included if you finance with Countrywide in-house. |
| #12 |
Altmann - Ott |
No downpayment; no closing costs; and no payments for 12 months. Local builder sitting on way too many homes in far-out Fernley; North Valleys and way North Sparks. They'll let you live with no payments for a year? That's better than rent. Not ideal locations but a great discount. Ask them to throw in a price decline guarantee too (see Ryder Homes
below). 775-354-1850. Homes from around $300k. |
|
#13 |
Ryder Homes |
1 Year
price decline guarantee in some communities: Any decline in selling prices at Talon Pointe Somersett / Northwest Reno from low $500k's (low $400k's make that $399k ) will be
refunded (% decline x your purchase price) until 12/31/2007.
Also building in Sparks (no price guarantee shown?) at Firenze from the low $400k's (oops - this is now the mid $300k's), and premium $600k homes in South Reno foothills Mountaingate (
775-355-7030. Expect generous hidden lot premium (added costs) at Mountaingate 775-852-1177. Now you can "win" automatically receive a free vacation at "luxury" Mountaingate if you buy a home. What a deal!!! |
|
#14 |
Caviata @
Kiley Ranch (Sparks) |
Unlimited
price decline guarantee: Any future decline in price
will be refunded to purchaser. Guarantee is curently
only on the first 23 homes at community. |
| #15 |
Reynen and
Bardis (R&B) |
"Use as you choose" incentives (ie discounts) from $20k to $30k. This Reno / Sacramento-based builder bought too much land at the wrong time and is sitting on significant standing inventory in South Reno and Wingfield. They found a new word for when a buyer pulls out of a home purchase -- they call it a "spotlight" home -- ie ready for you to buy. |
| #16 |
Lakemont
Homes |
Ready-to-move-in homes (ie not sold / buyer fallout) across Northwest Reno / Sparks. Full page ads and the prices on the homes are off about 10% - 15% from the original dream. 775-824-3690 Price decline guarantees ONLY DURING ESCROW PERIOD -- try a year guys. Only applies to base price of floor plan (ie not discounts on buyer pullouts; or incentives, etc.) Developments and hoped for prices:
- Estancia @ Golden Valley - high $200k's 775-677-2029
- Silverland in icky Fernley - upper $200k's (why?) - 775-835-8069
- Canyon Pines - NW Reno - Low $300k's - 775-747-6633 or try Granite Ridge from high $400k's 775-747-6622
- Autumn Trails - Spanish Springs - mid $400k's 775-626-7900
- Too much land in Dayton, but no jobs? Legado from the low $200k's. 775-246-2200 P.S. Where is Dayton?
|
| #17 |
Pulte @
Somersett |
"Million dollar views" in a "million dollar community" (Somersett) - from the low $300k's. With the Sun City plan not working out for Pulte in Reno -- they're moving to all-ages homes. These are "courtyard and duet homes", which means small, small lots. This week's ad let's you know that Reno is really close to Tahoe. A great fact for anyone who doesn't live here or has
never been here. Since Somersett is on the outer fringe of I-80, it's far from Reno's shopping core, but closer to Tahoe 866-530-3299. I like the name of this one the "Vue". To drive their point home - you get ski equipment and a season pass if you buy a house - wow (not). |
| #18 |
Fallen Leaf
Condominiums |
Desperate close-out of condos constructed at the height of the real estate bubble with over 15 still available in February 2008. A cookie cutter set of "condo's" on Mount Rose Highway that look suspiciously like apartments. Original prices were $310; $320; and $340k. Now $240k; $250k; & $257k. If you didn't buy early - this is one heck of a
discount sale. Make them an offer and see what happens. Free fridge, washer, dryer, and faux-wood blinds all included. 775-284-1988 |
|
| #19 |
Lennar Homes |
They've got a glut of homes in all the most oversold areas: Wingfield Springs; Curti Ranch (just south of Damonte Ranch / Double Diamond); and Northwest Reno. So desperate - we gave them their own page. Featured pricing(?); special incentives (?) and avoid the financing programs. Here's our tip: ask for every upgrade imaginable - these guys are in trouble. |
| #20 |
Syncon Homes |
These guys just don't get it. Full page color ads of happy families with no prices or discount / bonus info. Note to "Syncon": My family isn't happy without a price delcline guarantee or $75k in discounts. Not deserving to be on our countdown - but they are building new homes (if they sell any). Bring some snacks for your drive to way North
Sparks homes "Shadow Ridge at Sugarloaf Peak". Homes
from 2300 to 4,300 square feet but no prices listed. A
builder that may not have gotten the price news from the
market yet... Give them a bit of time...
775-424-2400 |
| #21 |
Mountain Meadows Townhomes |
Icky Wedekind at El Rancho Sparks location so they'll pay your realtor 6% to bring you (that's double the norm). Promises of incentives and upgrades but not detailed in ad. You'll be hearing more from this crew soon. 775-359-0222 |
| #22 |
Copper Leaf |
Panther Valley (North Valleys) affordable homes from the mid-$200k's with stucco; fence; tile. They'll give a $5k credit. 775-348-7555 They look plain but the price is right. |
| #23 |
Monte Rosa |
New Contestant: High-end Reno home builder (Homecrafters) building along Mount Rose highway up a steep hill. Great houses, but who can afford them. If you can - call 775-853-0866. Getting started early with the deals while their inventory piles up: $40k - $50k in free upgrades on homes from the low $800's. Price declines coming very soon - once they realize that even Mountaingate nearby
can't sell. |
