Skip to main content

Lennar Home Buying Experience

Need to warn people out there about the escrow process. Let’s start with the first part:

Agents- know that if you bring your clients to see a house here, you will not get commission and will not be represented. Even if they say in the beginning that you do get commission.

The offer. If you see a home you like, make sure your offer includes in writing the things you assume are included (because Lennar will go in and take them out, or will add extra costs for things that are already inside the house). I know right, I thought “everything is included” as the tag line says. Not true. So for example, I would list in the offer to make sure it includes the solar panels, alarm system if your house has one on display, all appliances currently inside the house, all appliances listed on the “everything’s included list” and attach a picture of said list.

Escrow- be aware that with escrow a lot of fees are inflated or vaguely added (what is 1k in builder fees? And a $500 notary?) our closing cost fees were almost 20k, and they will not fix much for you. Compare this with another seller, Shea, who we know someone bought, closing costs were only $5k. Also they make you pay for the transfer fee. Get in writing as part of your offer that they pay for transfer fees, and also that escrow fees won’t be over whatever you’re comfortable with (if you can). Also their escrow department takes forever to respond. Keep this in mind if they have a loan period contingency.

Walkthroughs - they have one walkthrough for you to identify any issues with the house so they can fix it- they will assign a day to do this that can’t be moved around, surely so that customers are less likely to show up. Their final walkthrough is supposed to make customers “happy” with the final condition of the house. After our final walkthrough and signature approving final state of the house, construction actually went in to remove an appliance that was supposed to already be included. You don’t expect that to happen.

I don’t think the employees are bad people, I think it’s just that nobody knows what they’re doing and that there’s no transparency.

submitted by /u/mystaplur
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/px5zd3/lennar_home_buying_experience/
Labels:

Comments

Post a Comment

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more