K. Hovnanaian Homes will stage a two-day "Deal of the Century" promotion in its Southern California markets this weekend during which home buyers can get up to $100,000 in incentives.
The promotion, which will run over 72 hours from September 14-16,includes 31 neighborhoods from Bakersfield to San Diego and offer extra appliances or upgrades as well as the incentives. Sales centers will be open from 9 to 9, and Hovnanian will have live entertainment, radio station remote broadcasts, prize giveaways and food and activities for children.
The product offered ranges from condominiums in Irvine to "estate-inspired" homes in Granada Hills, family-style homes in Coachella Valley, "view-top dream homes" in Apple Valley, and single-level homes for age-qualified buyers in Bakersfield. Prices range from the high $100,000s to the mid $1,000,000s.
Incentives offered may be used for payment of homeowners' association dues, third party closing costs and fees, options and upgrades, down payments and other financing expenses. Some incentives require the use of seller's affiliated lender, K. Hovnanian American Mortgage, LLC. All incentives and bonuses require buyers to enter into a purchase agreement between September 14, 2007 through September 16, 2007 and close in time required under the contract.