Southern California Homebuyers Can Add New Equity Protection Program to Their Smart New Home Buy With Pardee Homes at Fair Oaks Ranch

    LOS ANGELES, CA, October 27, 2011 /24-7PressRelease/ -- Home shoppers seeking the quality new home they want at award-winning LivingSmart Homes and Oak Crest at Fair Oaks Ranch may also secure the benefits of a new Equity Protection Program, which pays them if their home value drops between the time of purchase and the time of resale. Pardee Homes has introduced this Equity Protection Program to qualified buyers of selected homes in selected communities, including Oak Crest and LivingSmart Homes.

"This new Equity Protection Program brings assurance to buyers who are concerned about possible future declines in new home pricing, and we are providing it at no cost," said Gary Probert, senior vice president of sales for Pardee Homes. He added that Pardee Homes is the nation's first multi-regional homebuilder to offer such a safeguard.

The new Equity Protection Program compensates the homeowner at resale for any decline in the local house price index as reported by the Federal Housing Finance Agency, whether the owner is selling the home at a loss or a gain.

It additionally features monthly payments of $1500 in the event of job loss, for up to 12 consecutive months.

While the cost for this type of equity protection is usually assumed by homebuyers, with usual fees of 1% to 3% of home value, Pardee Homes is purchasing the protection contracts for buyers of selected available homes. Coverage begins 24 months after close of escrow and extends for 15 years.

For additional details, visit the model home sales centers for Oak Crest or Living Smart Homes, or see the blog post on this exclusive program.

The new Equity Protection Program enhances already favorable ownership opportunities at Fair Oaks Ranch. "The choices we have in floor plans and room options, home location and cost-saving, comfort-promoting green features are terrific," said Joyce Mason, vice president of marketing for Pardee Homes. "Add the excellent pricing, financing and incentives we are making available, and you see great value for your family now and over the years at Fair Oaks Ranch!"

At Oak Crest, new home shoppers will find spacious, well-appointed family homes, priced from the low $500,000s and providing approximately 2,315 to 3,960 square feet, in layouts with up to 7 bedrooms and 4 baths. Highlighting Oak Crest is a new design, Plan Five. It features approximately 2,315 square feet of living space, with 4 bedrooms and 3 baths, including one bedroom and a full bath on the first level.

Priced from the low $400,000s, LivingSmart Homes offer approximately 1,846 to 2,432 square feet of living space in 4 versatile floor plans that provide downstairs bedrooms/baths, master suite retreats, lofts and extra bedrooms, depending on plan. The homes' included and available features are high-performance, helping owners save on energy and water bills while enjoying better indoor air quality and year-around comfort.

"Buyers here will enjoy the 'green' they save after they move in," said Mason, a Certified Green Professional. "LivingSmart Homes at Fair Oaks Ranch is one of LA County's lowest monthly cost-of-living new home communities, and these green measures are a big part of that after-purchase advantage."

Featuring solar power systems as one of more than 30 included green standards, LivingSmart Homes at Fair Oaks Ranch is being built to Gold certification of the National Green Building Standard (NGBS). "NGBS Gold criteria assure buyers of quality and performance that will benefit them in many ways, and nowhere is this more obvious than with utility costs," said Mason. "Imagine a monthly energy bill as low as $25--then visit our model center, and be sure to check out the LivingSmart Room for more details!"

LivingSmart Homes is the newest neighborhood in Fair Oaks Ranch, an established master-planned community with freeway-close location and easy proximity to Metrolink, shopping, dining, entertainment and services. Within the community are Fair Oaks Ranch Community School and its playgrounds and sports fields; hiking and walking trail, Fair Oaks Ranch Park and hundreds of acres of open space.

Residents of LivingSmart Homes and Oak Crest can also enjoy resort-style recreation at The Ranch at Fair Oaks Ranch. It features a junior Olympic-sized swimming pool with sundeck, as well as play equipment, barbecue, community room and kitchen and many additional amenities for the family.

Drawing family buyers from throughout the Los Angeles area, Oak Crest and LivingSmart Homes have earned recognition in such awards programs as Gold Nugget, EcoHome and the SoCal Awards. The most recent of these was for LivingSmart Homes, named Green Community of the Year/Suburban in the SoCal Awards.

To reach Fair Oaks Ranch, exit the 14 Freeway North at Via Princessa and turn right. Turn left at Lost Canyon Road and follow signs to LivingSmart Homes. Hours are 10 a.m. to 6 p.m. Tuesday - Sundays and 1 to 6 p.m. Mondays. Call 661-299-5409 for Living Smart Homes and 661-252-2394 for Oak Crest. Pardee Homes offers broker co-op; call for details. See www.pardeehomes.com.

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