SOURCE: William Lyon Homes

William Lyon Homes

April 01, 2011 15:22 ET

Ditch the Rent and Buy a Brand New Home at Magnolia Lane in Elk Grove, CA

ELK GROVE, CA--(Marketwire - April 1, 2011) - Now is a great time to lose your landlord and gain your freedom during the Ditch the Rent Event at Magnolia Lane, where prices start from the $200,000s. This special offer is for a limited time only and homebuyers are encouraged to tour the professionally decorated models soon to explore new home opportunities by William Lyon Homes or click on for more information.

"Local renters who are considering their first home purchase should visit Magnolia Lane's sales gallery to learn more about the Ditch the Rent Event, which will end on April 30th," said Lesley Pennington, Director of Sales for William Lyon Homes. "Once prospective homebuyers take a closer look at the opportunities presented at this single-family detached neighborhood and meet with a sales counselor, they might realize the possibility of homeownership is closer and easier than they think. The sales team is ready to answer questions and personally help guests calculate the numbers to see which floorplan is best suited for their individual lifestyle and budget."

Magnolia Lane's smart, functional floorplans, Elk Grove location and prices continue to generate strong sales, which has prompted the release of a new phase next Saturday, April 9th. Renters who prefer a quicker move to this new address should note there is currently a good selection of upgraded, landscaped Residence Three homes on large lots that can accommodate a 30-day escrow.

The Magnolia Lane neighborhood reflects the pride of William Lyon Homes, a builder who is committed to giving every customer the opportunity to spend less and live better. Comfortably sized for families who want plenty of growing room, one- and two-story floorplans range from approximately 1,719 to 2,409 square feet, with three to five bedrooms, two to three bathrooms and two-car garages. Every home comes complete with all new appliances, heating, plumbing and electrical systems -- a long-term builder warranty provides another important benefit for Magnolia Lane buyers.

Located within the community of Madeira, Magnolia Lane residents will be just a short walk from recreational amenities every family member can enjoy, including athletic fields, playgrounds and parks. Situated between Highway 99 and I-5, Magnolia Lane places homeowners near major commuter roadways, the local library, movie theater, the Laguna Community Park and Aquatic Center, and more. Parents will also be pleased to learn the neighborhood is included within the well-respected Elk Grove Unified School District and is just blocks from award-winning schools. Homebuyers are encouraged to ask about current school facility fee down payment grant.

A 3% Broker Referral Fee is offered at Magnolia Lane. Brokers must bring their client on their first visit to register. Broker Referral Fee to be paid at the close of escrow.

During a tour of the Magnolia Lane models and sales gallery, visitors should also inquire about popular fixed rate FHA financing that requires only 3.5% down; the advantage of VA and Conventional loan options. FHA, VA and Conventional program guidelines and loan limits are subject to change. All loans subject to credit approval; restrictions may apply. Down payment, payment terms and rates vary based on market conditions and qualifying requirements. With mortgage insurance going up on FHA loans in mid April, homebuyers are encouraged to act fast.

It matters who your builder is, and William Lyon Homes means it when they say that they put themselves into their homes. They build each and every home as if it were their own and have earned a solid track record for constructing homes throughout the West since 1954.

To visit Magnolia Lane from I-5, exit Elk Grove Boulevard East, make a right on Bruceville Road, left on Civic Center Drive, right on Babylon Drive, and left on Cordially Way. Models will be on the left. From Highway 99, exit Elk Grove Boulevard West, left on Big Horn Boulevard, right on Civic Center Drive, left on Babylon Drive and left on Cordially Way.

The models and sales gallery are open daily from 10 a.m. to 6 p.m. For more information on Magnolia Lane, please call 1-916-226-2667.

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.