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 home builders, is kicking off its “Beat The Tax Credit New Home Sale” event throughout South Florida, says a company spokesperson.
This weekend the home builder advises prospective buyers 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, says the spokesperson.
First-time buyers 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. The 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 the historic savings opportunities, but prospective buyers must stop waiting on the sidelines and start to take action.
According to the National Association of Realtors (NAR), on average, prospective buyers 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,” says 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 new homes in select communities in South Florida in which buyers can purchase their new home with no down payment and no closing costs, says Gonzalez.
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 buyers 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 buyers 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, says Gonzalez.
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,” says 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 buyers start to realize that the expiration date of this savings is coming to an end, the number of available homes will be drastically reduced, says Gonzalez.
All Lennar homes include 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 866-716-0877, for Broward Communities call 866-688-7052 and for Palm Beach/Treasure Coast Communities call 877-873-1469 or visit Lennar.com/FloridaDeals. Realtor participation is welcome.