Lennar Homes EXPOSED | All You Need To Know | Best DFW Builders Explained

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  • Опубликовано: 15 ноя 2024

Комментарии • 106

  • @RobertKitchell
    @RobertKitchell 6 месяцев назад +14

    It doesn't matter what brand of house you buy but it does matter what subcontractors they use they're the ones that are actually building the house for instance Lennar in one area might be using really good subcontractors but in another area maybe in another state they're not so good depends on the Workforce available

  • @vivianJackson-u6w
    @vivianJackson-u6w Год назад +13

    i just entered into contract for a new build in Hemet, Ca. I do have a realtor, so far so good. 5.59 interest rate, I got $2500 Heros incentive because we are veterans, they threw in the W/D and the fridge. they also gave us another 2.2% off the purchase price. I will hire a 3rd party inspector though. I learned a lot from my daughter and husband when they purchased their Richmond home in 2021.

  • @jtbasic
    @jtbasic 3 месяца назад +6

    We drove through an lennar in the new camey tx area. One BRAND NEW home owner bought a led scrolling board that said "beware, do not buy lennar, you will regret it." Crazy

  • @lynnlietz5878
    @lynnlietz5878 11 месяцев назад +13

    Lennar absolutely doesn't want the buyer to have representation. My buyers agent & I made an offer on a home in the Nashville area 12/10/23. They countered, I accepted- after and only after I accepted they changed the terms. They insisted I sign the contract that day , on a Sunday , without legal review and would not budge on that. I would never sign any contract before a lawyer evaluated it. I really liked the house , but back to the drawing board. I wouldn't trust Lennar after that. Earlier in the process the location realtor's boss called me directly . I can only assume they were trying to cut my buyers agent out of the contract altogether.

    • @theorfander
      @theorfander 2 месяца назад

      My agent and I walked into the Lennar sales office back in June 2024, ready to cut a check and get on contract for one of their $1.7M homes and they said I couldn’t use my agent.
      We had it listed on every document from the bery beginning that I had an agent, but they told us you have to reaffirm your agent every 30 days to use one and because it had been over a month since we last interacted with Lennar we couldn’t use him anymore.
      We walked out and got on contract for a Toll Brothers house the very next day. Looking back, I can't believe I almost gave Lennar that much money for a non-luxury, tract home. Will never consider buying Lennar again.

  • @elvistorrespena1
    @elvistorrespena1 11 месяцев назад +24

    I am in the process of buying a home with Lennar in Central Florida. The buyer experience is been very bad. Bad communication, the lie to us, do not want to fix important items before the closing. We fill very stressful and disappointed. They just treat me that if I do not sign, they will declare us in default and will keep my deposit. The worse development!!! Stay Away.

    • @SL-fk3ch
      @SL-fk3ch 4 месяца назад +1

      They kept my deposit of $6k even after pushing out my date so many times and I no longer qualified. Also my home sat in chicken wire for months while the rest of the neighborhood progressed. I’m pretty sure I became less of a priority when I switched mortgage companies because their rates were high. Buyer beware.

    • @theorfander
      @theorfander 2 месяца назад

      I’m in Southern California. I foolishly tried to give them a deposit for $1.7 million non-luxury track home.
      Fortunately, they refused to let me use my agent because the enormous profits on a $1.7m non-luxury, track home with virtually no options just wasn’t enough for them.
      That was in June and looking back I don’t know what I was thinking trying to give them my money. We’re on contract for a Toll Brothers house and the difference in quality and luxury is night and day. Lennars greed saved me from a big mistake. I’ll never recommend Lennar to anyone after that experience.

    • @pedrorosales7259
      @pedrorosales7259 2 месяца назад

      😮 sorry to hear that; which could you recommend in central Florida ?

  • @seemoore01
    @seemoore01 Год назад +14

    I'm purchasing a Lennar home (Allegro floor plan) right now in Fate, TX. I'm buying it as my primary residence to get out of my apartment. However, I'm buying it as an investment property for the future. I went with Lennar because they are buying down the interest rate. I also got my new build home inspection complete and the report had a few minor things that need to be taken care before closing. Thank you for your video. So far so good with Lennar.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +4

      Awesome hope it works out well. Yes please make sure to have a third party inspect the home before closing . They can be a good investment potentially as long as you have a clear understanding of what you are getting into.
      You will love being in fate. We really enjoy the area.
      when youre ready to rent it out and upgrade lets Chat! 😉🤜

    • @rubicon4x494
      @rubicon4x494 11 месяцев назад +1

      Just curious, I'm thinking about purchasing a lennear home. What do u think of your purchase?

    • @M5_Sonu
      @M5_Sonu 11 месяцев назад

      Just wondering how are things with your purchase after a few months? Am looking at buying 2 in either Princeton or Ennis..or Azle .. Would love to hear your feedback.. Have a meeting with Lennar agents tomorrow and Sat.. Thanks!

    • @jayc4715
      @jayc4715 9 месяцев назад

      I have the same plan ..how did it work out for you?

  • @glens_place1090
    @glens_place1090 Год назад +12

    I guess I got lucky. I am a realtor and bought with Lennar. they offered me 6 percent realtor commission on one of the four homes left in a phase and 15,000 toward closing. Sure it was end of fiscal year and it was not the perfect sunset location but it worked for me! Great community in Florida. I think they were awesome to me and trust me i read all the horror stories. My broker said she had never seen anything like it. it was my lottery. does it matter who is building? don't know if we can or should trust any builders these days. I'll keep you posted!

    • @timothymaguire4248
      @timothymaguire4248 4 месяца назад

      There are many local, smaller builders that are extremely trustworthy. I wouldn't trust a national chain as far as I can throw them though.

  • @DanKohan
    @DanKohan Год назад +10

    If you're thinking about getting a loan from their own mortgage people, be careful. It's easy, but it might not be the very best choice. It's really important to check with different lenders to find the very best deal for you. Anyway, nice video!!

  • @Linda90503
    @Linda90503 2 месяца назад

    Never….Ever….Ever….buy a home without a realtor!! I bought several brand new townhomes from Lennar in 2020-2021 in Las Vegas, NV. Lennar tried to tell me they would prefer I didn’t have a realtor, I told them to “Go pound Sand”. I used two realtors because I was selling properties in CA and buying in NV. I used the 1031 Exchange program. So far, I haven’t had any major problems with my townhomes in Nevada. I believe I bought at a good time because it was before the pandemic and prior to Lennar having issuing getting building supplies. I think I got very lucky. Love your videos….very informative!!

  • @Me-kf4og
    @Me-kf4og Год назад +7

    My wife and I are in Florida and looking at lennar. Unfortunately, we haven’t heard anything good about them. So many people have issues with the quality the build.

    • @jhugo1986
      @jhugo1986 Год назад +3

      Run far away from Lennar. I used to work their. So many shady tactics.

    • @aisha2672
      @aisha2672 3 месяца назад

      I am glad you said something my bestfriend like them. I know they are building in the southern region homestead area

  • @va458
    @va458 8 дней назад

    Hey Zak, any advice about Lennar homes in Mckinny, TX. It would be our first home and newly built. Hoping to sell in the next 5-10 years, We would prefer Plano but its to expensive. Thank you for the video, very informative.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  8 дней назад +1

      I would stay away from Lenar regardless of where they build. If you wanted to be up in that area and looking for something I would look at Trophy, Meritage, Pacesetter.

    • @va458
      @va458 8 дней назад

      @@zakschmidt-DallasTXrealestate thank you for your help. Any advice for things to look for when buying a newly constructed home from either of the 3 builders you mentioned ?

  • @chrissyo29
    @chrissyo29 Год назад +2

    I am researching Delaware don’t know if I’m gonna buy a preowned home or buy a piece of land and build so I’m in Research mode and I am so so glad I found you even though you are in Texas and I choose to live in Delaware. extremely informative I will subscribe to you and if needed will be reaching out. Thank you so much for your bluntness and honesthonesty

    • @k.scottphillips8933
      @k.scottphillips8933 4 месяца назад

      I'm looking there too. We checked out Lennar plantation lakes the prices aren't too bad. We tried to make a deal with Timberlake and they were terrible.

  • @Tina2tu
    @Tina2tu 9 месяцев назад +1

    This is so helpful. I’m looking at the Crandall (Dallas) area with Lennar and now I’m going to do more research! Do you have a preferred affordable builder for first time home owners? Thanks 🎉

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  9 месяцев назад +1

      In the crandal areas I would consider Taylor Morrison, or trophy but you probably have to come back into Forney, or there may be some options in heartland with Chesmar depending on your budget or possibly Beazer.

  • @albertovelazquez6347
    @albertovelazquez6347 Месяц назад

    I’m buying new in San Antonio, great job so far. VA would back most of the old pre owned of fixer upper. So not much of a choice.

  • @catdu2232
    @catdu2232 9 месяцев назад

    Bought a single home, sooo many problems! Never again! I would buy an old fixer upper 90’s built home nexttime.

  • @TigheRealEstate
    @TigheRealEstate 9 месяцев назад +4

    Great video, definitely buyer beware, better builders out there

  • @rl3810
    @rl3810 3 месяца назад +2

    After watching these types of videos for a year, I wouldn't buy any home built after 1985. It made need a few upgrades but the bones are good.

  • @NikkiDefalco
    @NikkiDefalco Месяц назад

    Welp i have 2 days to back out of lennar. In attached townhome with chain smoking neighbor and with Arizona prices lennar may be my only option with its affordability right now for a detached hme. I dont know. They got me with that low interest rate:(

  • @Tinyhousegardener
    @Tinyhousegardener Год назад +2

    Hey Zak, have you seen Lennar’s tiny homes near San Antonio? Would love to see a video and hear your thoughts on this

  • @shaydenfarmer335
    @shaydenfarmer335 Год назад +1

    Any advise on what to look for on the Closing Disclosure? Closing with Lennar on the 28th.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +3

      Just make sure your credits from them are right. You will see a list of fees for the lending and document fees.
      Make sure whatever they told you that you were getting in terms of finance money is applied and that you can see how that money was spent.
      Also make sure you look at the Pre-paids section. This is what is funding your escrow account for like taxes, and insurance so make sure all of that is correct.
      Good luck and enjoy your new home!

  • @popchristianmusic.dj-srm9225
    @popchristianmusic.dj-srm9225 9 месяцев назад

    👀 bruh, I'm in process at this point and I just found you.
    But something for sure, and is true; even thought the property has 3 different looks to pick. You get what you get. I could not make a change. "WE ARE HERE TO HELP" NAHH!! they didnt bother to help and see if they could do something for me. "You get what is there in the pics," no option.

  • @divinediva6320
    @divinediva6320 4 месяца назад

    I M grateful for the videos and looking to find well built homes in Philadelphia region!!!!

  • @swimbrit
    @swimbrit Год назад +6

    4.5% fixed rate with $6,000 towards closing costs for a brand new home with warranties! Sounds like great incentives. Anyone else offering that?

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +3

      Yes there are several other builders that are doing things like that right now. Some builders doing 12k in closing cost. One I know is trying to close a community and doing 15k or a buy down to 4.99. Other one doing 25k on certain homes. There are deals and resources out there,

    • @jhugo1986
      @jhugo1986 Год назад +1

      The warranty is trash lol. It’s not all that.

    • @TheAjrod3
      @TheAjrod3 Год назад +1

      Got 4.75% fixed rate, 10k in closing cost assistance and new washer and dryer on top of their already included kitchen appliances. Currently under contract with them

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +3

      @@TheAjrod3 Awesome sounds like you are getting a good deal. What community are you building in? make sure to get a third party inspection before closing

    • @davidcortez6701
      @davidcortez6701 3 месяца назад

      @@TheAjrod3 what builder

  • @chriss6356
    @chriss6356 8 месяцев назад

    You had it right the first time, their revenue was almost 32 billion. 31,779M is 31 thousand-million which is the same as billions.

    • @David-nx2vm
      @David-nx2vm 3 месяца назад

      Right. If it was $31 million, they sold 68,000 houses for less than $500 per house…

  • @hectorortiz8267
    @hectorortiz8267 5 месяцев назад +2

    I'm buying one and everything has been as promised.

  • @monique5528
    @monique5528 8 месяцев назад

    I’m in Arizona but anyone know about pulte or Brookfield residential? I’m so glad I started looking up videos thought lennar would win my heart but I don’t like a lot of what you are saying about them. 😢

    • @SL-fk3ch
      @SL-fk3ch 4 месяца назад

      They kept my deposit of $6k even after pushing out my date so many times and I no longer qualified (travel nursing and could not renew my next contract-would have been a pay cut to take a permanent position at the time). Also my home sat in chicken wire for months while the rest of the neighborhood progressed. This was in Waddell. I’m pretty sure I became less of a priority when I switched mortgage companies because their rates were high. Buyer beware. Moved to Texas but still feel butt-hurt after Lennar screwed me.

  • @mrc2432
    @mrc2432 Год назад +1

    Next Gen is a fantastic idea. I wish more builders adopted this.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +1

      I agree 100%. Some builders talk about it but few execute well. I think for them to do it well it has to include a kitchenette style space and at least a 3rd car garage option.

    • @breannabuchanan3982
      @breannabuchanan3982 Год назад

      here in houston our next gen has a kitchenette and it's own garage connected to it.

  • @aprilhall3320
    @aprilhall3320 8 месяцев назад +1

    Can you please do a video on really good builders please

  • @cesarbolet2181
    @cesarbolet2181 10 месяцев назад

    I am interested in a lennar home in DFW and i want to use my VA loan, do they work well with veterans?

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  9 месяцев назад

      yes they will do Va. Most likely want you to use their lender though. Happy to help any way I can. send me an email at zak.schmidt@exprealty.com and lets make it happen

  • @SL-fk3ch
    @SL-fk3ch 4 месяца назад

    Lennar kept my deposit of $6k even after pushing out my date so many times and I no longer qualified. Also my home sat in chicken wire for months while the rest of the neighborhood progressed. I’m pretty sure I became less of a priority when I switched mortgage companies because their rates were high. Buyer beware.

  • @theorfander
    @theorfander 2 месяца назад

    Lennar wouldn’t let me use my agent even though he was listed on every single document from the beginning. They said you have to “reaffirm” your agent every 30 days to use him.
    They dropped that on us the day we walked in to hand them a check and get on contract for a $1.7M house. I respectfully grabbed my agent and walked out.
    You don’t go to court without a lawyer, you don’t go into surgery without a surgeon, and you don’t buy $1.7 million home without representation.
    We literally walked up the street to Toll Brothers and got on contract the next day for a far better quality home at a lower price.
    I would understand Lennar‘s position if they did that on homes selling for $400k-$600k because the margins on those homes are probably very thin. But $1M or more for what’s essentially an assembly line house you can’t customize?!? It feels like you’re being nickel and dimmed, and you’re just left wondering “where else are they screwing me?”
    Big turn off. Will never recommend or attempt to buy a Lennar house again.

  • @AlexOnBass
    @AlexOnBass Год назад +2

    That 1.3 home is beautiful.

  • @makyousafzai
    @makyousafzai 3 месяца назад +1

    Thank you ZAK

  • @TheAngelaj2011
    @TheAngelaj2011 Год назад +1

    Lennar in Heartland almost got us and tried to screw us out of aome money. We ended up going Bloomfield. Best decision for us and our situation.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +1

      Awesome. Glad you found a great builder. Big fan of Bloomfield. Be sure to get a third party inspection though before closing. Let me know if you need some one. I can send over info

    • @michellac.3364
      @michellac.3364 9 месяцев назад

      I just signed in Heartland actually and no problems so far.

  • @samanthavaladez2064
    @samanthavaladez2064 Год назад +1

    I just found you and LOVE YOU! What a great video

  • @Keepswimmingkeepswimming
    @Keepswimmingkeepswimming 5 месяцев назад +1

    Lennar pays 3- 6 % In our
    market

  • @JoeRuizLordoftheRings
    @JoeRuizLordoftheRings 8 месяцев назад

    Hey Zak, thinking of getting a lennar home was wonder if A &M windows company make good windows? Just subscribed thanks! 😊

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  8 месяцев назад +1

      Im honestly not sure about the window company. Cant really give any direction on that one. Sorry wish I could be more helpful on that one

  • @KillerKerry
    @KillerKerry Год назад +4

    Build to rent should be illegal

  • @tomeng6733
    @tomeng6733 Год назад

    Can you do a video about Toll Brothers quality?

  • @naniaria
    @naniaria 10 месяцев назад +1

    Never use Lennar Homes and Mortgage. Our family had the worst experience with Lennar Florida Naples. Lennar purposely failed our mortgage and took our 10% deposit. Lennar put our Naples house on sale now for the bigger price. Never ever use Lennar!

    • @marcelagalofre5165
      @marcelagalofre5165 3 месяца назад +1

      Did you have a realtor?

    • @Mojomaniac1
      @Mojomaniac1 Месяц назад

      A lot of people lie on during the mortgage process. Just because you got preapproved doesn’t mean u will get the loan. In the underwriting process they literally find everything and if they feel like you can’t afford it they will reject your mortgage. They are actually doing a favor. Coz if u can’t afford a house you should never be on the mortgage. I know for a fact you guys lied about something in your loan application coz they don’t reject for no reason

  • @covadismeilleur1986
    @covadismeilleur1986 3 месяца назад

    Glad i watched

  • @V2Rando
    @V2Rando Год назад

    What are your thoughts on DRH?

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад

      Horton? My thoughts on them are complicated. I think it’s important to understand what they are and what they aren’t. It’s the old coaching clip of “they are who we thought they were”. Having the right expectations and it they can be good. I have a full video on them coming in a few weeks. I’ll tag you in that once’s it’s up.
      Or give me a call at +12146081951 and I’ll give you some more details.

  • @csdarlington86
    @csdarlington86 Год назад

    Thanks for the video

  • @algamboa1987
    @algamboa1987 Год назад

    Hi Zak, I recently started watching your content, and coincidentally, are building a home in one of the communities you’ve featured. While I’ve found your videos to be insightful, I thought the “smoking” comment was a bit distasteful. I understand this is not a formal platform, however, that may be something that could be either left unsaid or behind closed doors with an interested party. This is coming from someone who has never owned a Lennar home, nor have any intentions of purchasing one. Just some constructive criticism. Best wishes.

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  Год назад +1

      Thank you for the comment and feedback. I respect your feelings on that. Sorry that came off as distasteful that was not the intent. It was meant to be more of a light hearted feeling of making a joke about paying them that much money for what is their quality. Just trying to be authentic in my thoughts and personality. Appreciate you and your time.
      What community and builder did you end up in?

    • @algamboa1987
      @algamboa1987 Год назад +1

      No worries, just an observation. We ended up choosing a Highland Home in Monterra. We are looking forward to being in that subdivision, as everything we’ve heard concerning it sounds phenomenal. We do have a real estate agent, though, as we totally agree that you need someone well-versed, in your corner, when it comes to those types of transaction. Much respect, keep up the good work!

  • @prismbrandingrealestatebra6301
    @prismbrandingrealestatebra6301 4 месяца назад +1

    What people fail to realize is that the increase in property taxes and investors buying single family homes is NOT an accident! Property taxes are a huge part of state revenues and families have limits to how much property taxes they can afford and if foreclosed on then the state looses revenue. Large scale investors, in theory, can pay higher property taxes and can weather the economic storms better than families so less risk of foreclosures. The increase in property taxes is the government trying to force existing homeowners to sell their home to an investment firm.

  • @M5_Sonu
    @M5_Sonu 11 месяцев назад

    Zak.. might be shooting ya an email..in the market and looking to buy 2 (brother in law and myself ) in the DFW area .. preferably close to mid cities, if possible..currently in Grapevine ...

  • @futuretechnology7679
    @futuretechnology7679 10 месяцев назад +2

    Lenar Homes are, very cheaply built homes today. Paper thin, falling apart at the seams, a complete rip off.

  • @brucewilds7102
    @brucewilds7102 9 месяцев назад +1

    Long term, quality matters. Today replacement cost are soaring. Avoid Lennar!

  • @ElsaAndAnnie
    @ElsaAndAnnie Месяц назад

    Lennar- omg please don’t get me started. One of the biggest regrets we had owning this worst home in life. Everything replaced in 3 years. Go for Perry, David weekly or Toll brothers. You will regret buying lennar 😂

  • @TigheRealEstate
    @TigheRealEstate 9 месяцев назад +1

    Lennar quality is also very suspect

  • @meshellhughart257
    @meshellhughart257 10 месяцев назад +1

    They really don’t have jack shyte.
    Nobody fits into their tiny hellish floor plan hobbit holes with bathtubs the size of a wash cloth and doorways narrower than a chicken bone

  • @beckybarbour2906
    @beckybarbour2906 8 месяцев назад

    For being sloppy and don't care about the quality of their work, and now they are going to lose a lot of money

  • @Sai-ll3rc
    @Sai-ll3rc 8 месяцев назад +2

    You get what you pay for... Alot of Lennar properties are affordable...🤷

  • @Feinick83
    @Feinick83 7 месяцев назад

    Kick the realtor out

  • @AlejandroPerez-pi1ez
    @AlejandroPerez-pi1ez 9 месяцев назад +2

    Call me crazy, but I much rather have a shitty home and be fixing with due time instead of having no home...

    • @zakschmidt-DallasTXrealestate
      @zakschmidt-DallasTXrealestate  9 месяцев назад

      That’s definitely one way to see it. And in someways I agree. But I think there may be better options to consider first

    • @JohnAbraham-n6z
      @JohnAbraham-n6z Месяц назад

      What are some better options for the same price point? Looking for something below 260k north of Frisco/ McKinney area.

  • @bobbyguns100
    @bobbyguns100 6 месяцев назад

    Don’t buy a home from Lennar please it’s my 3rd year in this house they robbed us blind for a horrible unfinished trash home !