Standard Pacific Homes Responds to the Changing Face of Real Estate

7 /PRNewswire/ — With a new market comes a new way of doing business. As the housing industry adjusts to current economic conditions, many builders are rethinking the way they do business and are looking for innovative ways to entice their buyers and restore their homebuying confidence. In recent months, inventories of available homes have grown allowing buyers to take advantage of price- and non-price-related incentives.

This month Standard Pacific Homes is launching a new program, which encourages buyers to take part in a ten-day savings event geared at selling 200 homes at 49 participating Southern California locations. From Friday, September 14th through Sunday, September 23rd, buyers can benefit from special pricing, personal homebuying solutions and financing options that are among the huge savings available during Standard Pacific’s MISSION: POSSIBLE program.

Standard Pacific’s mission to sell 200 homes in ten days will give Southern Californians the opportunity to get the best new home and unbeatable savings, adding up to over $20 million, including 30 year fixed rate loans as low as 5 3/8% on selected neighborhoods. As an additional enticement, home shoppers will also have the opportunity to participate in daily drawings for a $500 American Express gift card.

Making the program even simpler for prospective buyers, Standard Pacific Homes has launched an exclusive website for the promotion accessible at http://www.stanpacmissionpossible.com/. Today, more than ever, Southland homebuyers are demanding the most for their money and we are committed to giving each and every customer a spectacular financial value and the most attractive loan possible.

Our reputation for superior quality and customer trust comes from our commitment to building the best homes at a fair price. MISSION: POSSIBLE gives our buyers an opportunity to choose a new home that makes their individual pursuits of homeownership an attainable reality in the weeks ahead, explained Todd Palmaer, President of Southern California Region for Standard Pacific Homes.

MISSION: POSSIBLE’s exceptional values, personalized financing programs tailored to the needs of individual buyers, and low interest rates will save homebuyers thousands of dollars, which many Southern Californians simply cannot afford to miss, continued Palmaer. This is one of the most exciting programs we have ever implemented for our customers. For those who have been waiting to purchase a superbly built residence in a great location, this is the perfect situation.

20 Million Dollars in savings is based on a combined amount of price reductions and special bonuses on select Standard Pacific homes throughout Southern California. Additional restrictions may apply. Prices, plans, terms and availability are subject to change without notice. Select neighborhoods are included in an Assessment District and a Communities Facilities District, Associations supported by its residents, maintain common areas and facilities for a monthly fee.

The 30-year fixed interest rate of 5.375% (5.966% APR) has a maximum loan amount of $417,000. Based upon a sales price of $438,948 with 5% down payment, the monthly principal and interest payments are $2335.08. For loans in excess of $417,000, the interest rate is 5.875% (5.904% APR). Based on a sales price of $684,220 with 20% down, the mortgage is a 30-year fixed rate loan in the amount of $547,370 and monthly principal and interest payments of $3237.90. Restrictions may apply.

Monthly taxes, HOA, mortgage insurance and hazard insurance are additional and are not including in the above payment. Interest rate, loan program, sales price and payments are estimates only and are subject to change without notice. Standard Pacific, one of the nation’s largest homebuilders, has built homes for more than 97,000 families during its 40-year history. The Company constructs homes within a wide range of price and size targeting a broad range of homebuyers.

Standard Pacific operates in many of the largest housing markets in the country with operations in major metropolitan areas in California, Florida, Arizona, the Carolinas, Texas, Colorado, Nevada and Illinois. The Company provides mortgage financing and title services to its homebuyers through its subsidiaries and joint ventures, Standard Pacific Mortgage, Inc., Home First Funding, SPH Home Mortgage, Universal Land Title of South Florida and SPH Title.

For more information, homebuyers may visit the company website at: http://www.standardpacifichomes.com/. With over 175 floorplans to choose from, homebuyers are encouraged to visit one of Standard Pacific Homes’ 49 participating neighborhoods in Los Angeles, Ventura, Riverside, San Bernardino, Orange and San Diego counties or go to http://www.stanpacmissionpossible.com/ to locate the ideal neighborhood and schedule an appointment that will provide complete program details.

Special discounts apply to select homesites purchased by September 23rd. 7 /PRNewswire/ — With a new market comes a new way of doing business.