HOUSTON, TX (March 4, 2019) – One of Houston’s largest homebuilders has introduced a limited-time offer providing homebuyers with much-needed financial flexibility as they go through the home buying process.
Now through May 31, 2019, Lennar will only require $65 in earnest money on the sale of any of its new homes, regardless of price point or Houston-area community, a big departure from typical earnest money requirements of up to three percent of a new home’s purchase price.
In contrast, a $300,000 new home may require anywhere from $3,000 – $9,000 in earnest money, depending on the homebuilder.
“Buyers should be able to keep money in their pocket rather than let it sit in escrow,” says John Hammond, Houston division president of Lennar. “Plus, it gives them the flexibility to use that money to pay for a move, new furniture or however they see fit.”
Fully refundable during the option period, earnest money is a good-faith payment that demonstrates a buyer’s commitment to purchase a home. Earnest money ultimately is applied to the down payment at closing.
Lennar’s limited-time earnest money promotion applies to any new Lennar home in the Houston area, all of which include the homebuilder’s Everything’s Included® features of granite kitchen countertops, designer cabinetry with crown molding and stainless steel appliances, programmable thermostats, Low-E windows and other Energy-E
Starting in the $200s in several Houston neighborhoods, new homes by Lennar present the most advanced in Wi-Fi CERTIFIED™ Home Design technology allowing homeowners to control their lights, front door locks, and thermostat through voice-activated home automation.
A contract must be written for a new home to close by May 31, 2019 to quality for the $65 earnest money promotion.
Lennar is part of Lennar Corp., established in 1954 as one of the nation’s leading homebuilders.