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Real Estate

Lennar hopes buyers capitalize on tax credit

Special Sections correspondent
Published:   |   Updated: July 11, 2013 at 03:46 PM

The April 30 deadline for people to take advantage of the first-time homebuyer and current homeowner federal tax credit is fast approaching. That leaves a little more than two weeks for homebuyers to get the best deal on the purchase of a new home, according to Mark Metheny, president of the Lennar Central Florida division.

"With interest rates at historic lows and the added incentive of the federal tax credit, this is truly the best time to buy a new home," Metheny says. "Lennar's Tax Credit Countdown Home Sale Event can help homebuyers take advantage of the tax credit and low interest rates while getting a great home at a great price in a community that fits their lifestyle."

The first-time homebuyer tax credit of up to $8,000 and the current homeowners tax credit of up to $6,500 represent a significant savings for any budget, but Metheny says Lennar's Tax Credit Countdown Home Sale Event, which ends this weekend, can save buyers even more money and the stress of rushing to beat the April 30 deadline.

While many homebuyers may be considering purchasing a short sale or foreclosed home, Metheny points out that there isn't time to close on such a purchase before the tax credit deadline. "By purchasing a new home from Lennar, buyers will not only be able to take advantage of the tax credit, but they also will get the Lennar warranty, and, if they use our preferred lender, they can secure a low mortgage rate of 4.5 percent in select Lennar communities.

"With prices from the $90,000s, Lennar has the largest selection of homes in the Tampa Bay area," Metheny continues. "We build in 17 communities throughout the Tampa Bay area, including Hillsborough, Pasco, Hernando and Polk counties, so we have a home and community to fit every lifestyle. We offer a wide selection of single-family homes and townhomes in family, active adult and golf course communities."

The Tax Credit Countdown promotion is available at two new gated Lennar communities as well: Tampa Bay Golf & Country Club in San Antonio and Live Oak Preserve in New Tampa. Although two new models are still nearing completion in each community, the home sales centers are open.

With homes starting in the mid $100,000s, Tampa Bay Golf & Country Club offers active adults a multipurpose clubhouse with a restaurant and lounge, a resort-style pool and spa, theater, fitness center, arts and crafts room, library, billiards and card game room, lighted tennis courts and shuffleboard. The community includes an 18-hole championship golf course, a 9-hole executive golf course, pro shop, aqua driving range and a putting and practice green. Those who purchase a Lennar home this weekend from the 10 available floor plans may qualify for a free club membership.

Live Oak Preserve features a clubhouse, resort-style pool, a children's splash pool, a playground, tennis courts, basketball courts, a fully equipped fitness center and billiards room. With 17 Lennar floor plans in Live Oak Preserve, Metheny says there's a home to fit every family's needs and budget.

"Aside from the federal tax credit, our affordable home prices and the low interest mortgages available, one thing that makes a Lennar home an even bigger bargain is that we include all the features buyers often select as upgrades in the purchase price," Metheny adds. "That can save buyers additional thousands of dollars."

Metheny continues, "We have been building homes since 1954, and for the last 30 years Lennar has been named the No. 1 home-builder in the Tampa Bay area in terms of sales volume. I would advise buyers to move quickly to take advantage of this great opportunity to purchase a quality home at very affordable prices from a reputable company and also take advantage of the generous tax credits."

For information, visit www.lennar8000reasons.com, or call 1-877-202-4749.

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