The Tampa real estate market is as close to the bottom as it will ever be and consumers need to act now to get the best deals.
That's the advice from Mark Metheny, president of Lennar Homes' central Florida division.
"In fact, we're starting to see slight price increases in the new home market, a clear sign that a rebound is coming and families ought to make their move now," he said.
To bolster itself for the inevitable rebound, Metheny said that Lennar Homes is eager to move current inventory and is offering a limited-time sale to spur things along. Called the 72 Hour New Home Inventory Blowout Sales Event, the promotion is June 24 to 26 and includes inventory home specials in nearly every Lennar community throughout the Tampa Bay area.
"We have deals for homes that fit every lifestyle and at every price point, as well as some added incentives for buying now," Metheny said.
In addition to price reductions on inventory homes of as much as $40,000, Metheny said several other incentives are being offered, including zero money down, payments as low as $805 per month, or zero closing costs.
Inventory homes are ideal for serious buyers who don't want to wait for a home to be built, Metheny said.
"Many families want or even need to move quickly and inventory homes are great for them because they get a new home and they get it fast," he said. "In addition, many families are able to move into a new home for less money than they were paying in rent.
"The real estate market is definitely improving and our 72-Hour New Home Inventory Blowout Sales Event will certainly continue a trend of satisfying homebuyers. Basically, people are realizing that the time might not be any better for buying than now."
Another incentive that has attracted families to Lennar Homes is its Everything's Included program, which puts nearly every conceivable feature as standard in every home, as well as choices within enhanced upgrade packages.
The program, called EI for short, means Lennar includes the most popular features as standard in every home design.
"Our EI program is like an upgrade package on steroids," Metheny said. "We've always been an EI builder and offered upgrades that other builders would charge for. But with EI, families can get thousands of dollars worth of quality extras at no extra charge. Our EI program not only saves homebuyers money, but it saves them the time of having to choose options for their homes."
These extras include dozens of details found both inside and outside the home such as tile floors, maple wood cabinets, 2-inch blinds throughout, plus a full GE appliance package, including side-by-side refrigerator, ceramic top range, microwave oven, dishwasher, and washer and dryer.
Also included are energy efficient and green features, Metheny said. Among some of them are R30 insulation in ceilings, a high efficiency heating and air conditioning system, a programmable thermostat, ENERGY STAR appliances, Florida-friendly landscaping, reinforced concrete slab foundation with steel rebar reinforced footers, and energy-efficient LowE dual pane windows.
These special deals plus the EI program can be found in Lennar communities throughout the Tampa Bay area, including the following:
Live Oak Preserve (New Tampa), single-family homes starting from the $170,000's
The Hammocks (New Tampa), townhomes from the $90,000's
South Fork (Riverview), single-family homes from the $160,000's.
Cypress Creek (Ruskin), single-family homes from the $120,000's
River Bend (Ruskin), single-family homes from the $130,000's
Wellington at Bay Park (Ruskin), single family homes from the $140,000's
Brandon Pointe (Brandon), townhomes from the $150,000's
Bahia Lakes (Ruskin), single-family homes from the $120,000's
Pasco / Hernando County
Concord Station (Land O'Lakes), single-family homes from the $180,000's
Lakeside (Hudson), single-family homes and villa homes from the $100,000's
Eiland Park (Zephyrhills), townhomes and villa homes from the $80,000's
Tampa Bay Golf & Country Club (San Antonio), active adult single-family homes from the $120,000's
Thousand Oaks (Trinity), townhomes and coach homes from the $120,000's
Autumnwood Grove (Lakeland), townhomes and villa homes from the $80,000's
Hampton Hills (Lakeland), single-family homes from the $120,000's
For more information about Lennar Homes and the 72-Hour New Home Inventory Blowout Sales Event, visit lennar.com or call 1-877-202-4749.