Lennar Resource Center

One family’s journey to combine households and sell two homes using the New Home Trade-Up Program

Henderson, Nev. – April 2018 – Wendy and Earl were looking for a way to combine their two households. Each with children still at home, Wendy with three and Earl with two, they also faced the challenge of putting two homes on the market. But nonetheless, they went to check out the developing community of Remington, an all Next Gen®  neighborhood in Henderson, and fell in love with the Liberty plan.

Lennar is the first homebuilder to offer a home specifically designed for multigenerational living. Next Gen® – The Home Within A Home® by Lennar offers innovative floorplans with private suites.

“We had not heard about Next Gen® homes before,” said Wendy. “Because we are blending two households into one, and our kids are at different ages with different needs at this point in their lives, it made the option for us to combine households seem possible.”

Then they heard about Lennar’s New Home Trade-Up Program with Opendoor, an online buying and selling real estate service. Lennar’s partnership with Opendoor has created a system that makes it easier than ever for families to purchase and move into a new home. Opendoor prepares a competitive offer on the homebuyer’s current home and then allows the buyer to choose a closing date that lines up seamlessly with the move-in date of their new Lennar home.

“Moving itself is very stressful and after trying to sell a home on my own last year, and having the deal drop out of contract not once, but twice, this option is much less stressful,” Wendy said.

Many aspects about the program excited her about the opportunity. No open houses to deal with, no stress over keeping her home “show ready” in case a realtor wants to drop by with a potential buyer. No more wondering about when or if her home will sell and how much they would end up getting for it.

“The best part of the Trade-Up Program is that we will be able to stay in our homes until the day our new home is ready without worrying about closing dates changing or other unforeseen circumstances that are beyond our control,” Wendy said. And she couldn’t be more excited about moving into to her new Next Gen® – The Home Within A Home®.

“The fact that there are two separate homes in one is the best feature for sure. Also, the fact that all the appliances are included, as well as the window coverings, make it all very convenient for us to move right into the home,” she said. “Earl and I were both happy to hear about all the smart home features that are included and look forward to learning more about them.”

More than 100 Las Vegas families have used the New Home Trade-Up Program and Lennar offers it in several other markets, such as Atlanta, Orlando, Dallas and Phoenix, with plans to expand.

Lennar will even pay up $2,000 for their preferred professional movers to move you from your existing home into your new Lennar home. And, for a limited time only, Opendoor is offering reduced fees for Lennar homebuyers that use the program. The fee is similar to what you would pay a realtor to list your home, but WAY more convenient!

Find Everything’s Included® new home communities in Las Vegas where the trade-up program is offered by visiting www.lennar.com/lasvegas.

Learn more about how to take advantage of the program by visiting www.opendoor.com/lennar.

About Lennar

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar’s Financial Services segment provides mortgage financing, title insurance and closing services for both buyers of Lennar’s homes and others. Lennar’s Rialto segment is a vertically integrated asset management platform focused on investing throughout the commercial real estate capital structure. Lennar’s Multifamily segment is a nationwide developer of high-quality multifamily rental properties. Previous press releases and further information about Lennar may be obtained at the “Investor Relations” section of Lennar’s website, www.lennar.com.