YORK, SC - April 27, 2009 - Beginning May 1, Edward Johnson offers something unseen in local real estate development-a guaranteed buyback.

Johnson, project manager with Lake Wylie-based Laureate Developers, LLC, plans a special 5 percent annual return on investment incentive for lots within Lauren Pines, a new 108 estate lot subdivision between York and Clover featuring 1+ acre lots starting at $44,000. That means Laureate Developers guarantees a return on the investment by offering to buy back the lot at the purchase price, plus 5 percent per year.

"The offer of a buyback in this economy sends a strong message," Johnson said. "You're not going to find that return at the bank. And you're not likely to get 5 percent in the stock market right now."

The offer lasts from May 1 to May 30. Also offered on that same limited time basis is 100 percent financing, with some interest rates below 4 percent.

"It's a statement of approval saying real estate, and specifically this area, is going to grow and grow well," Johnson said. "I'm a firm believer, especially in York County, that real estate is going to be a strong investment over the next five to 10 years."

Lauren Pines, located on S.C. 161 in York between U.S. 321 and Hwy 55, offers scenic walking trails and more than 25 acres of tree preservation with 100-plus year old hardwoods. One- and two-story homes feature side-load garages, landscaping requirements, minimum square footage ranging from 2,000 to 2,400 square feet and minimum requirements for brick or stone veneer front accents.

Steve House, marketing director for the project, adds that the location of Lauren Pines should be attractive for families who want to "spread out" from the more cramped feel of smaller lots.

"For people who want to move to an area where the taxes are lower, the schools are better and the feel is much more relaxed and open, this will be attractive," House said. "Where we're positioned is terrific."

Currently four homes are complete or under construction in Phase 1 of the project. Johnson expects "a mixture of both" buyers looking to build homes and investors looking to invest in Lauren Pines. This "hidden gem" offers the best of two worlds, Johnson said, blending a comfortable and relaxed lifestyle with accessibility to Charlotte, Gastonia and Rock Hill within a short drive.

"It's a country feel not far from the things you care about," Johnson said, adding the potential for the area takes the risk out of offering a buyback incentive. "Frankly, when it comes down to it, we believe not many people who buy in Lauren Pines are going to take us up on it. We'll honor the 5 percent, but we believe they'll make more simply by holding a few years and selling on the open market."

For more information about the Lauren Pines guaranteed buyback program or the 100 percent financing option, call toll free 877-81PINES or visit www.LaurenPines.com.




ABOUT LAUREATE DEVELOPERS - Laureate Developers is a Lake Wylie based company dedicated to providing high quality developments located in York County South Carolina. The company believes that York County offers a quality of life that rivals most other Charlotte Metro areas, especially when evaluated on a cost-comparison basis.

ABOUT LAUREN PINES - Surrounded by hundreds of acres of farm land and woodlands, Lauren Pines offers privacy and community living with 108-estate lots one acre or larger. Lauren Pines features homes from the $250's.

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