Lennar’s Beat The Tax Credit New Home Sale Event Happens This Weekend

March 15, 2010 - PRLog -- The clock is winding down and time is ticking away to take advantage of the historic tax credit savings. This weekend, Lennar, one of the nation’s leading homebuilders, is kicking off its “Beat The Tax Credit New Home Sale” event throughout South Florida. This weekend the homebuilder advises prospective homebuyers to visit a Lennar community and speak to a Lennar New Home Consultant to learn more about the opportunity to save thousands on the largest selection of new move-in ready homes across South Florida.

First-time homebuyers may qualify to receive a government tax credit of up to $8,000. Current homeowners may also be able to receive up to a $6,500 tax credit. These tax credits are not loans, there is no repayment required, but prospective buyers need to act now because homes must be purchased by April 30.

Right now Lennar has a variety of homes available in South Florida that can qualify for these historic savings opportunities, but prospective homebuyers must stop waiting on the sidelines and start to take action.

According to the National Association of Realtors (NAR), on average, prospective homebuyers spend about 12 weeks looking for a home, which means prospective buyers that have been on the fence and haven’t already started serious home shopping, need to step up the pace because the tax credit deadline is only a few weeks away.

“There has never been a better time to buy a new home with so many exceptional values on the market, government tax credits, low interest rates and extraordinary incentives,” said Carlos Gonzalez, President of Lennar’s Southeast Florida division. “This is the time to really consider moving from renter to buyer because these favorable buyer’s market conditions will not last forever.”

Lennar has brand new homes in select communities in South Florida in which homebuyers can purchase their new home with no down payment and no closing costs. Additionally, Lennar’s preferred lender, Universal American Mortgage Company (UAMC), is providing incredible financing rates making a buyer’s monthly payments even more affordable.

Plus, right now, at select Lennar communities prospective homebuyers have the opportunity to receive up to an extra $7,000 to use toward a brand new Lennar home from the Broward/Palm Beach County Bond Program. Miami-Dade County prospective homebuyers have the opportunity to receive up to an extra $10,000 from the Miami-Dade County Bond Program. These bond monies are available on a first come first serve basis; so don’t take the chance of letting it run out!

The Federal Housing Authority (FHA) has already changed guidelines that will soon go into effect that require buyers to put more money down, have a higher credit score and will increase monthly mortgage insurance premiums.

“It’s important prospective buyers buy now or they will run the risk of not qualifying,” said Gonzalez.

Currently, there are homes available that qualify for the tax credit savings at most Lennar communities in Miami-Dade, Broward, Palm Beach and Treasure Coast. However, as homebuyers start to realize that the expiration date of this savings is coming to an end, the number of available homes will be drastically reduced.

All Lennar homes come with an array of quality features and designer upgrades included in the home purchase price.

Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For information on Miami-Dade Communities call 877.205.1531, for Broward Communities call 888.346.4819 and for Palm Beach/Treasure Coast Communities call 866.313.5805.

Or visit our Web site at www.Lennar.com/FloridaDeals. Realtor Participation Welcome.

Disclaimer If Needed By Publication
REAL ESTATE PROFESSIONALS ONLY: ††3% Broker co-op offer valid on select homes. In order to earn a broker co-op fee, broker must bring client into the Welcome Home Center and register them on their first visit. No referral fee will be paid when agent/ broker is acting as principal/ buyer. Total broker compensation cannot exceed 6% of the purchase price. Purchase agreements must be written by 3/31/10 and clients must close by 5/31/10 in order to receive up to a 3% bonus.†*Offers are available on select homes, within select communities, as determined by Lennar, for purchase agreements written by 3/07/10 and applicants must reserve loan funds and closing must occur no later than 3/31/10. *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. Credit is subject to 3-year ownership requirement. ‡To be eligible to claim the $6,500 credit, buyers who have owned and resided in a home for any 5-consecutive year period during the last 8 years, must close after the date of enactment (11/6/09), and prior to 7/1/10. Tax Credit is subject to eligibility requirements. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. **Zero down offer applies to applicants who qualify for the Florida first mortgage bond program with related bond second mortgage for down payment and closing cost assistance of up to $10,000. Florida bond program terms apply that include but are not limited to specific eligibility, credit, income and property restrictions. Second mortgage is deferred for 30 years but must be repaid if the home is sold, transferred, refinanced, paid off or disposed of in any other manner. Not tax advice; applicants should consult with their tax advisor. Maximum sales price is $452,548. Please consult a UAMC home loan advisor for complete details. †Seller paid closing costs are subject to seller contributions limits that may affect the maximum mortgage amount. FL Mortgage Lender License #ML07000915. Prices subject to change without notice. Contact a UAMC Home Loan Advisor or a new Home Consultant at Lennar for details. Lennar Homes, LLC -CGC 62343. Copyright © 2010 Lennar Corporation and Universal American Mortgage Company, LLC. Lennar, the Lennar logo, Universal American Mortgage Company and the UAMC logo are registered service marks or service marks of Lennar Corporation and/or its subsidiaries. 3/10