Potential homebuyers have many reasons to purchase a home now: low pricing, homebuilder incentives and government tax credits. With brand new homes in highly-desirable communities, Lennar gives homebuyers many reasons to purchase new by offering top quality, low pricing, and a solid warranty—the competition just can’t measure up. Beginning in August, Lennar is putting forward some of their finest offers on all homes so potential homebuyers can step into the housing market and see why Lennar homes are the measure of excellence. 

According to the Housing Opportunity Index, compiled by the National Association of Homebuilders and Wells Fargo Bank in May 2009, housing prices are at their most affordable level in two decades. While nationwide home sales have been uneven, Nevada was one of only six states that had a year-over-year increase in home sales, reporting a 116.8% boost from the first quarter of 2008 to the first quarter of 2009, according to the National Association of Realtors.

Historically, buying a home has often been the better long-term decision as opposed to renting. According to MSN Money writer, Liz Pulliam Weston, “homeownership can help you build wealth over time.” Oftentimes, homebuyers are able to build equity, receive significant tax deductions and may even have the added benefit of price appreciation over long periods of time.

“In addition to energy-efficient features and designer-select amenities, Lennar offers an array of family-oriented floor plans and excellent community locations because we understand the most important aspects of a dream home are beyond measure,” said Mike Branson, Lennar Division President. “We go above and beyond to give homebuyers that unique Lennar added value—other homes just can’t measure up to the benefits of a Lennar home.”

In addition to low pricing, first-time homebuyers may be able to take advantage of an up to $8,000 federal tax credit **. However, homebuyers must act quickly as the federal tax credit has only been approved until Nov. 30, 2009.

Universal American Mortgage Company of California, Lennar’s preferred lender, is also offering low interest rates such as 4.5% (4.973% APR), with monthly payments as low as $1,069 on select homes,* and select Lennar communities are offering extra incentives such as builder-paid closing costs and special pricing on homes that close before August 31, 2009.

Unlike other previously-owned properties, Lennar homebuyers are the first residents to move into their brand new home. Lennar homes are generally not plagued by any of the customary issues associated with bank-owned or resale properties, and all Lennar homes come equipped with brand new flooring, new appliances, and new cabinets.

With more than ten different floor plans and list prices ranging from the upper $100,000’s to the low $300,000’s, Lennar offers a variety of luxurious homes at a price that best suits a homebuyer’s needs. Whether conveniently located in Reno, Sparks, or Dayton, homebuyers have a wide selection of lifestyles when choosing their home.

Three of Lennar’s communities, Horizon, Meridian, and Saddlebrook, are located within easy access to Reno and Sparks. Lennar’s Woodrush community offers a rural lifestyle and is only 15 minutes away from Carson City. In addition, recreational area opportunities abound near each of Lennar’s communities, only a short driving distance to the outdoor adventures at Lake Tahoe, the Sierras and many other surrounding areas.

“In this housing market, with a plethora of home options, homebuyers need to ask themselves: why wait any longer to get into the home of your dreams?” said Branson. “At Lennar, we make it easy to purchase a home by offering brand new move-in ready homes and financing options through our preferred lender, so homebuyers can spend less time buying and more time living.”

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 Lennar®.”

Welcome Home Centers are open 10 a.m. to 2:30 p.m. Mondays and 10 a.m. to 6 p.m. Tuesdays through Sundays. For a complete list of Communities in your area, call 866-759-5731.

For further information about the Federal tax credit visit FederalHousingTaxCredit.com.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on http://www.lennar.com/.

**Federal tax credit is subject to 3-year ownership requirement and is available to first-time homebuyers  (excludes non-resident aliens) who have not owned a principal residence during the past three years and are purchasing the home as their primary residence. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. The tax credit is subject to eligibility requirements. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. *Offer available on select homes as determined by Lennar, for purchase agreements written by 8/15/09 and closing must occur no later than 8/31/09. Limited funds are available; rates may change or not be available at the time of loan commitment, lock-in or closing if funds   are exhausted. Specific terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 620, owner occupancy requirements and/or any changes in investor guidelines or programs. FHA jumbo loans not permitted. Monthly payment shown includes monthly mortgage insurance, based on FHA 30-year fixed rate financing at a rate of 4.50% (4.97% APR) with 3.5% down payment and $197,450 sales price. Payment shown does not include property taxes, homeowner insurances and/or HOA fees. Seller will pay closing costs as defined on your Good Faith Estimate, excluding prepaids, subject to seller contribution limits that may affect maximum loan amount.  Financing offer available only through qualified buyers  financing through Universal American Mortgage Company of CA and closing at designated closing agent. Mortgage Banker License #3243 and Mortgage Broker License #3244, 10354 Professional Circle, Suite 120, Reno, NV (775) 852-9980.  Lennar Reno, LLC d/b/a Lennar Homes – License No. 64226, Lennar Sales Corp. – Broker. Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. All rights reserved. Lennar, the Lennar logo, Universal American Mortgage Company of CA and the UAMC of CA logos are registered service marks or  service marks of Lennar Corporation and/or its subsidiaries. 8/09