November 16, 2011 (Shirley Allen)
Freddie Mac is offering a new round of buyer assistance on foreclosed homes purchased through its HomeSteps real estate unit from now through January 31, 2012.
The HomeSteps Winter Sales Promotion is being offered nationwide and provides closing cost assistance for the buyer and a bonus for the selling agent in selected states.
The offer is only valid on HomeSteps homes sold to owner-occupant buyers only. The program provides for buyers assistance of up to three percent of the buyers closing costs with a $1,000 bonus for the selling agent (in selected states) for initial offers tendered between November 15, 2011 and January 31, 2012. Escrows must close on or before March 15, 2012.
The Agent Bonus offer is only available on HomeSteps sales in 28 states and the District of Columbia including Colorado, Connecticut, Delaware, Iowa, Idaho, Illinois, Indiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Montana, North Dakota, Nebraska, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Dakota, Utah, Virginia, Vermont, Wisconsin, West Virginia, and Wyoming.
Some homes may also qualify for a two year Home Protect limited home warranty that covers electrical, plumbing, air conditioning, heating and other major systems and appliances. Home Protect also provides discounts of up to 30 percent on the purchase of appliances.
With homes selling for an average of 94 percent of the estimated market price in their respective regions, purchasing a foreclosed home through Freddie Mac’s HomeSteps real estate unit can be a great start to your homeownership experience.
Freddie Mac strives to have the best property and sales standards in the country through HomeSteps, requiring their supplier network to adhere to its HomeSteps Good Neighbor Practices.
The Good Neighbor Practices protects neighborhood values by requiring participating agents to show a clean and maintained home and sell them at market prices.
Additional information can be found on the HomeSteps website.
Tags: HomeSteps, Freddie Mac, closing cost assistance, home protection warranty, best property, market prices, maintained homes