The Price is Right at Lennar’s New Home Auction Event

Prospective homebuyers are invited to “Come On Down” to Lennar’s “Name Your Price” New Home Auction event.

Summerville, SC, April 25, 2009 --( Prospective homebuyers are invited to “Come On Down” to Lennar’s “Name Your Price” New Home Auction event. The event, which takes place on April 29th at select communities in Summerville and West Ashley, runs through noon on May 2nd and will allow buyers to name their future home’s price.

According to Shannon Williams, Director of Strategic Marketing for Lennar’s Coastal Carolina Division, this event is a sealed bid auction.

“The sealed bid format allows buyers the opportunity to place a bid at their comfort level. This event facilitates a setting for prospective buyers to view our homes, assess the value of the community and place a bid that they are comfortable with,” Williams said.

“Our weekend auction event is the perfect time to buy a new home,” said Williams. “In addition to incredible prices we are also giving up to $4,000 in closing costs for those who purchase during this event.”

Interested buyers are invited to submit their sealed bid forms in person at participating Lennar Welcome Home Centers from April 29th through May 2nd at noon. All prospective homebuyers will be notified on the status of their bid by 6 p.m. Sunday evening.

According to Williams, winning bids must meet the reserve amount pre-determined by the seller. Buyers must pre-qualify with Lennar’s preferred lender, Universal American Mortgage Company and must be able to purchase the home they are bidding on without having to sell another home first.

The “Name Your Price” New Home Auction Event applies to select immediate occupancy homes in the participating communities of Tranquil Hill and Wentworth Hall in Summerville and Hunt Club in West Ashley.

Tranquil Hill in Summerville showcases homes that range in size from 2,466 to 2,617 square feet and priced from the mid $100s. The community is located near major transportation thoroughfares and the Charleston Air force Base.

Also in Summerville is Wentworth Hall, a new community off Orangeburg Road and convenient to shopping, dining and restaurants. It is located just minutes from Historic Downtown Summerville. Homes featured in the community offer 2,450 to 3,600 square feet and are priced from the low $200s.

Located in West Ashley is the community, Hunt Club. Hunt Club offers its residents a junior Olympic sized pool, ponds, green space and a desirable location near Limehouse Boat Landing, shopping, schools and the airport. Homes range from 2,500 to 4,100 square feet and are priced from the low $300s.

To learn more about the “New Home Auction” event, prospective homebuyers are invited to visit Lennar’s participating Welcome Home Centers or log on to

Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable first time, move-up and retirement homes in communities that cater to virtually any lifestyle including urban, golf course, active adult or suburban communities. Lennar is committed to quality, value and integrity.

For more information visit or contact:

Shannon Williams, Lennar, Director of Strategic Marketing-Coastal Carolina, 843-388-8989 ext 4438;

Allison Rosoff, Cohen and Company Creative, 954-290-2026;

Cohen & Company Creative, Inc
Allison Rosoff