Lennar Urges Homebuyers Not To ‘snooze And Lose’ During This Weekend Savings Event In Fresno

April 27, 2009 - PRLog -- FRESNO, CA — Incentives have never been better, tax credits have never been bigger, interest rates have never been lower. Lennar is urging homebuyers not to snooze on these incredible offers or they may just lose the opportunity to take advantage of this tremendous buyer’s market, which won’t last. Beginning this weekend, May 2nd and 3rd, Lennar is offering their best prices and closing costs incentives to solidify a homebuyer’s decision to buy now.
“There is no guarantee that all of these incentives, such as financing, tax credits and low pricing, will last,” said Mike Miller, division president of Lennar Fresno. “More and more people are realizing how great these offers are and are taking full advantage. They realize it’s a ‘now or never’ type of situation—snooze, and you may just lose.”  
More than a third of the $100 million allocated for new home tax credits**‡ offered to California residents has been claimed and the federal tax credit††‡ worth up to $8,000 for first-time homebuyers has only been approved until the end of the year.
Since the announcement of these two substantial government tax credits for homebuyers, sales on new homes have spiked. Real estate experts report a year over year and month over month increase in sales, indicating a possible leveling off on home prices.
In addition, Universal American Mortgage Company, Lennar’s preferred lender, introduced in April the company’s lowest interest rates in history, offering homebuyers the most savings possible. Purchasing a home at such a reduced interest rate allows homebuyers to finance a brand new home at the same competitive rate as other homes currently on the market while offering homebuyers move-in ready, brand new homes with some of the most desired upgrades included as standard.

“Sales are on the rise as home shoppers realize this is a wonderful buyer’s market that won’t be here forever,” said Miller. “As one of the country’s top homebuilders, we’re doing everything we can to help buyers take advantage of these offers and feel secure in their purchase.”

Lennar offers 13 distinct communities throughout the greater Fresno area, including communities in Clovis, Tulare, Lemoore, Visalia, and Reedley. Prices start in the mid $100,000’s and floorplan styles range from approximately 1,240 to 2,897 square feet.  

Celebrating its 55th anniversary, Lennar has grown to become one of the nation’s leading homebuilders.  With hundreds of Communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has long distinguished itself by simply including everything as standard under its motto, “Everything You Want, Everything You Need, That’s the Logic of LennarSM.”
   
Welcome Home Centers are open daily from 11 am – 5 pm, closed Wednesdays and Thursdays. For a complete list of Communities in your area, call (866) 400-5808.

For further information about the Federal tax credit visit FederalHousingTaxCredit.com and for information about the State of California tax credit visit, ftb.ca.gov/individuals/new_home_credit.shtml.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on www.LENNAR.com.


**‡ Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers' qualification for the California tax credit or that funds will be available at close of escrow.  Credit is subject to 2-year ownership and other requirements.   ††‡ First-time homebuyer is any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Tax Credit is subject to 3-year ownership requirement. Offer good for a limited time only. Lennar reserves the right to change or withdraw any offer at any time. Offers, incentives and seller contributions are subject to certain terms, conditions and restrictions, which may include use of designated lenders and closing agents.  Prices are subject to change without notice. Stated dimensions and square footage are approximate and should not be used as representation of the home's precise or actual size.   Lennar Homes of California, Inc. - License No. 728102. Lennar Sales Corp. - Broker. UAMC of CA, an equal housing lender is licensed by the Department of Corporations under the California Residential Mortgage Lending Act; Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. Equal housing opportunity. 3/09

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Founded in 1954 as F&R Builders headquartered in Miami, Florida, Lennar Corporation began building their well-known reputation for high standards, quality construction and uncompromising value. In 1971, F&R became a public company under the corporate banner of Lennar and has since grown to become one of the nation’s leading and most respected homebuilders. With hundreds of communities being built across 16 different states, Lennar is responsible for crafting new homes that can be found in many of the most desirable locations offering well planned, innovatively designed residential environments.