Following in the footsteps of its counterpart Fannie Mae, Freddie Mac is offering a summer sales
promotion for buyers who purchase a home from its inventory of foreclosures or HomeSteps
properties. Since banks typically sell foreclosures “as-is” without incentives, warranties, or repairs, this incentive could help buyers view a HomePath property more like a traditional sale, and less like a distressed property, during their search process.
For offers received by July 31 that close by September 30, Freddie Mac is offering:
• 3.5% in closing costs to buyers
KW Research 10
• $1,200 bonus to buyer agents
This is on top of the incentives already being offered:
• A two year HomeProtect Home Warranty
• Up to 30% savings on new appliances
Note that this program comes with a few eligibility requirements, which includes the home must be a single-family, owner-occupied, financed dwelling used solely for residential purposes.
Thursday, July 7, 2011
Wednesday, June 29, 2011
Average home sale price rises in Oklahoma City area
Houses in the metro area sold a week and a half faster last month on average compared with April, and the average price rose more than 10 percent — and jumped 15 percent year to year.
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