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Model home tours, decorating tips and model home furniture discounts
Las Vegas, Nev. – February 2018 – Lennar Las Vegas is excited to host another cookie decorating party with Freed’s Bakery on Saturday, February 10 at their Olympia Ridge community in the Southern Highlands masterplan. The event is open to the public. Friends and family of community members are encouraged to attend for cookie decorating advice from the pros and the opportunity to get a 20% off voucher for model home furniture from Ambrosia Home’s new Henderson-based location.
“We are super excited to host another cookie decorating event with Freed’s Bakery, after the initial Christmas event we had was such a great success and so much fun,” said Ashley Max, Marketing Manager for Lennar Las Vegas. “Everyone is invited to attend this free event and it’s the perfect opportunity to explore Olympia Ridge or for residents to show off their new neighborhood to friends and family. While touring the models, you can decorate a gourmet cookie to give to your Valentine!”
The event is a great opportunity to also take a tour of Olympia Ridge’s luxury model homes. Olympia Ridge is an upscale Lennar new home community that offers a stunning collection of eight spacious floorplans that range in size approximately from 4,111 to 6,234 square feet. Attendees will also get to experience Lennar’s signature Everything’s Included® program with home automation that’s showcased in the models.
Additionally, representatives from Ambrosia Home will be at the event offering vouchers for 20% off previously used model home furniture available at their new Henderson-based showroom location. Ambrosia is a highly-respected interior design firm used by many leading homebuilders in the new home industry, including Lennar.
The event is open to the public but attendees and guests are encouraged to RSVP for easier gate access.
Olympia Ridge is located in the Southern Highlands masterplanned community at
8 Olympia Chase Drive in Las Vegas. More information can be found by visiting www.lennar.com/lasvegas or calling 702-821-4850.
With hundreds of communities nationwide and homes designed for first-time, move-up and luxury homebuyers, Lennar has grown to become one of the nation’s leading and most respected homebuilders. Lennar has a longstanding history of building homes of enduring quality in only the most well planned and desirable locations throughout the country.
Nestled in the scenic countryside of Chester Springs, Byers Station is conveniently located off the beaten path in the beautiful Brandywine Valley, yet minutes from major travel roads and within an hour’s commute of Philadelphia.
Byers Station offers three townhome designs and five single-family home designs to choose from. Townhomes highlight three bedrooms, two-and-a-half baths, one- to two-car garages and up to 2,498 sq. ft. of living space. Byers Station has released its final townhome building with walk-out basements. These townhomes are nestled right on the countryside and back up to woodlands to offer peace and privacy.
Single-family homes feature four bedrooms, two-and-a-half baths, two-car garages and up to 3,969 sq. ft. of living space. Open concept floorplans can be customized by adding first-floor owners’ suites, open second floor lofts and outdoor kitchens. All homes are designed under Lennar’s Everything’s Included mantra, providing features that are options from other builders as standard equipment in every home.
Byers Station is home to an array of onsite amenities that make it a great place to raise families and make lifelong friendships. Residents can take advantage of resort-style amenities such as two clubhouses (Sunderland and Station), two outdoor swimming pools, a fitness center, tennis, basketball and volleyball courts, a playground, tot lot and so much more.
Commuters can enjoy easy access to Philadelphia by public transportation via SEPTA and Amtrak, or an hour drive through Chester County’s main roads. Chester Springs is part of the award-winning Owen J. Roberts School District, and is close to a number of outstanding private schools. Chester Springs is home to multiple shopping centers, restaurants and many other services, as well as walking and biking trails. Marsh Creek State Park is a short distance away offering swimming, boating and other water sports.
Come home to Byers Station today. Call 609-349-8258 or visit www.lennar.com/byers-station.
When it comes to buying a home, understanding the terminology is essential for simplifying the entire process. That is why we are providing a quick glossary of common terms and their definitions – we want your path to homeownership to be a smooth and enjoyable one.
The APR shows the cost of a mortgage loan by expressing it in terms of a yearly interest rate. The APR is often slightly higher than the published interest rate because it takes into account the financing of closing costs or pre-paid percentage points.
A professional appraiser’s estimate of the market value of a property. Appraisals take into account the local market conditions and the characteristics of a property. They are required by most lenders.
An increase in a property’s value due to market changes, home improvements, or other factors.
The official transfer of property ownership from seller to buyer. It usually happens in the form of a formal meeting between the buyer, seller, and settlement agent. At closing, the buyer will sign the mortgage, the seller will receive payment for the property, and the buyer will pay the closing costs. Also referred to as Settlement.
The total costs of completing the transfer of ownership of the property, other than the purchase price. Closing Costs usually include fees for loan origination, home appraisal, survey and real estate agent’s commission. They may also include prepayment of taxes and insurance, and real estate transfer taxes. Closing Costs usually amount to about 2 to 4 percent of the purchase price of the home.
A real estate evaluation that estimates the current market value of a home by comparing it with recently sold homes in the same area.
Any condition that must be met before a contract becomes binding. For example, an agreement can be contingent on the sale of the buyer’s current home.
A response to a purchase offer that rejects all or part of the original offer but keeps the negotiations open in hopes of reaching an agreement.
A credit-reporting agency that gives financial information about potential borrowers to lenders. Currently, there are three companies that maintain national credit-reporting databases: Equifax, Experian, and Trans Union.
A report provided by credit bureaus containing information about a borrower’s credit history. Your credit report is like a report card of how you’ve paid your credit card debt and other loans over the years (as well as how much debt you currently have).
A computer-generated score used to determine how likely a person is to repay a loan. Your credit score is based on your credit report. Lenders use this score to analyze your credit report and to determine your credit worthiness.
Ratio Also known as debt-to-earnings ratio. A ratio (expressed as a percentage) calculated by dividing gross monthly debt by gross monthly income. Debt-to-income is one of the key factors lenders will look at when considering your credit worthiness.
A written document that shows ownership of property. Includes the signatures of current owners and a legal description of the property. Also known as a Title.
Information provided about a property for sale. “Full disclosure” refers to the seller’s responsibility to provide any and all information they know about the property.
The money paid by the buyer to the lender at the time of the closing. Because it’s paid in advance, the down payment is not part of the mortgage loan. Smaller down payments (those less than the standard 20 percent) usually require mortgage insurance.
The value of a property, usually calculated by subtracting the remaining amount owed on the mortgage from the fair market value of the property.
Also “escrow account.” Funds set aside and held by a neutral third party, usually for payment of taxes and insurance.
A complete “top to bottom” inspection of a home’s physical condition. Home Inspections should be conducted by a professional, licensed home inspector and should cover all major systems and structural elements of the property. Home inspection fees are typically paid by the buyer.
Insurance that protects the homeowner’s property against damage from fire, storms and other hazards. Most lenders require homeowner’s insurance before they will let you close on the home. Also known as Hazard Insurance.
A written guarantee from a lender that the buyer will receive a specific interest rate for a specific period of time. Also known as Rate Lock and Rate Lock-In.
The amount that a seller may expect to obtain in the open market, based on current market conditions and recent comparable sales. An appraised value is an estimate of the current fair market value.
A financial agreement between a lender and a buyer in which the property is used as collateral for the loan. A mortgage gives the lender the right to collect payments on the loan (and to foreclose on the property if those payments are not made).
A detailed, written document that makes an offer to purchase a property. When the offer is signed by all parties involved, it becomes a legally binding contract. Also known as the Offer or Contract.
Guidelines used by lenders to determine if a borrower can qualify for a mortgage. The lender will consider the borrower’s income and current debt, as well as the size of loan the borrower is trying to obtain.
A written document that shows ownership of property. Includes the signatures of current owners and a legal description of the property. Also known as a Deed.
A critical step in obtaining a mortgage, underwriting is the lender’s process of analyzing a loan application to determine the amount of risk involved in making the loan. It includes a comprehensive review of the borrower’s credit history and a judgment of the property’s real value.
In the case of the “final walk-through,” this is a final inspection of the property by the buyer and the seller. The final walk-through normally takes place a day or two before closing / settlement. The purpose of this walkthrough is to ensure that any repairs agreed upon in advance have been made, and that no other issues have arisen.
With Valentine’s Day fast approaching, what better way for couples to celebrate a future together than looking for a new home? Right now, a home search could even lead to a romantic escape for two at Château Élan Winery & Resort. Visit any Lennar Community by February 11 and ask your Lennar New Home Consultant about entering for your chance to win this exciting Valentine’s getaway.
From Cumming to Fayettville and in between, Lennar Homes has outstanding communities all over the Atlanta area, so people are sure to find the home and the location they want. They’ll also discover that Lennar homes come with everything they need already included in the home, even Wi-Fi, a fact that’s already gotten a lot of love from new homeowners.
With the Valentine’s promotion, Lennar is hoping to turn the new home search into a fun and rewarding adventure. The more homes couples visit, the more chances they will have to win the escape to Château Élan.
For those who haven’t already enjoyed the luxury of spending time at Château Élan, this will be a truly amazing escape. Just 40 minutes from Atlanta, the resort resembles a French chateau, surrounded by rolling hills and vineyards. Guests can enjoy sweeping panoramas of the North Georgia foothills while they enjoy wine tastings and tours, golf, a European health spa, world-class cuisine and outstanding accommodations. Needless to say, it’s the ultimate romantic getaway.
So, get out there and start exploring your next home. Whether it’s a single-family home or townhome, close to the city or connected to small-town living, you’re sure to find a Lennar community that has what you want. When you arrive, just ask your Lennar New Home Consultant about entering the special Valentine promotion. Happy searching.
For more information about Lennar communities, visit www.lennar.com/Atlanta.
* NO PURCHASE NECESSARY TO ENTER OR WIN. Open only to legal residents of GA, 21 or older. Begins at 10 am ET on 2/6/18 and ends at 6 pm ET on 2/11/18. Entries must be received on or before 6:00pm ET on 2/11/18 to be eligible. To enter, during Sweepstakes Period, visit the Welcome Home Center at a participating Lennar Atlanta community during open business hours and fill out a registration form. Limit of one entry per household. One prize: Prize is a gift card for one (1) night accommodations for two guests (double occupancy) at Chateau Elan, including dinner and breakfast for two (certain restrictions apply) (ARV: $399). Gift card terms and conditions apply. Room accommodation and reservations are subject to dates of availability. Prize drawing to occur on or about 2/14/18 from all eligible entries received. Odds of winning depend on number of eligible entries. Subject to official rules. Void where prohibited by law. Complete winner’s list (after 2/14/18) and official rules available at participating Lennar Atlanta communities or by sending a self-addressed stamped envelope to Sponsor. Sponsor: Lennar Georgia, Inc., 1000 Holcomb Woods Parkway, Suite 200, Roswell, GA 30076.
Urbana, Lennar’s premier community of Luxury Condos and Townhome Residences, located in the center of it all. A community where residents will live in the heart of Downtown Doral, a prestigious and dynamic neighborhood where nearly everything is within walking distance of your residence. Learn more about these luxurious condominiums in this BizJournals.com article by Brian Bandell.
Lennar Corp. has broken ground and launched sales at two communities in Miami-Dade County: Urbana at Downtown Doral and Portovita in Homestead.
The Miami-based company (NYSE: LEN) is South Florida’s largest homebuilder. Lennar is set to become the largest homebuilder in the nation in February, once it completes the acquisition of CalAtlantic Homes.
Downtown Doral is a mixed-use project by Lennar and Codina Partners that includes residential, office, retail, restaurants, a charter school and civic space.
Lennar’s Urbana will have 837 homes in the first phase, with a mix of mid-rise condos, and two- and three-story townhomes. The condos are priced from the mid-$300,000s to the mid-$400,000s. The townhomes are priced from the upper $400,000s to the low $700,000s.
Located on the southwest corner of Southwest 320th Street and Southwest 152nd Avenue in Homestead, Portovita will have 247 single-family homes. These homes will range from 1,982 square feet with three bedrooms to 3,105 square feet with five bedrooms. They’re priced from $319,900 to $389,900.
Portovita will include a lake, clubhouse, park and pool. Lennar acquired the 77.3-acre development site for $10.75 million in 2017. It’s directly south of three other Lennar communities: Atlantis at Oasis, Capri at Oasis and Barbados at Oasis.
