Lennar Resource Center

Las Vegas, Nev. – April 2018 – Joel Trabado and his wife just moved into a beautiful new Lennar home, but he remembers the last time he had to move. It wasn’t easy and wasn’t cheap – he ended up having to carry two mortgages while waiting for his old house to sell. Joel was reluctant to move again, until he heard about Lennar’s New Home Trade Up Program. Thanks to the Trade-Up Program, a partnership with the online real estate purchasing service Opendoor, his recent move into his new home at Avondale was nothing like that.

“Through Opendoor we got the equity and used as a down payment for the new Lennar house,” said Trabado. “We agreed upon a price with Opendoor, they had it ready, we just had to decide when to close the deal.”

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.

Lydia, The Trabado’s neighbor, was able to take advantage of the program too. She went to visit Avondale, The Trabado’s new community, and fell in love with the homes, neighborhood and location.

“If I had known about this beautiful Lennar home years ago, I would have bought it,” she said. “And then through Opendoor I got a very good offer, an offer that I couldn’t refuse.”

According to Lydia and The Trabado’s, Lennar and Opendoor’s Trade-Up program made their lives easier. Similar to the way you can trade-in and upgrade your car or your cell phone – now, you can upgrade your home.

“We love it,” said Joel as he and his wife let out a big smile simultaneously. “Let’s put it that way. Plain and simple.”

The program is an easy three-step process that more than 100 Las Vegas families have used.  For a limited time, homebuyers can  take advantage of reduced fees when using this new service.

Step one is the fun part – choosing your new Lennar dream home. With more than 50 active and coming soon communities that are now selling across the Las Vegas Valley you have plenty of Everything’s Included® new home options to choose from.

Step two begins with www.opendoor.com/lennar, where they will give you a free, competitive offer to purchase your existing home at an agreed upon price. It allows you to sell your home online, in a completely transparent way. Their offer will be clear and easy to understand and without any of the hidden costs involved in a traditional sale. For a limited time, Opendoor is also offering reduced fees for Lennar homebuyers who use the program. The fee is similar to what you would pay a realtor to list your home, but WAY more convenient.

Step three, choose your closing date and enjoy a seamless process. You can move on a timeline that’s designed for you and with many Lennar new homes in Las Vegas, you could move in as little as 30 days.

Lennar will even pay up to $2,000 for their preferred professional movers to move you from your existing home into your new Lennar home!

Lennar Las Vegas’ New Home Trade-Up Program is designed to create a simplified and hassle free selling and buying experience. To learn more about the program or to receive a free offer from Opendoor on your current home, visit www.opendoor.com/lennar.

Lennar builds homes all over the Las Vegas Valley available in a variety of floorplans, designs, prices and locations. Find the perfect community and home for you today at www.lennar.com/lasvegas.

About Opendoor

Opendoor, the consumer marketplace for homes, removes all the headache, uncertainty, and risk from buying and selling real estate. Headquartered in San Francisco with offices in Phoenix and Dallas, Opendoor was founded in March 2014 by Keith Rabois, an investment partner at Khosla Ventures, and CEO Eric Wu.

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.