Freddie Mac is serious about selling its REO’s. As part of the Winter Sales Promotion for its HomeSteps SmartBuy program, Freddie is offering $1,000 bonuses to selling agents—in select areas.
Here’s where: 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, Wyoming, and the District of Columbia.
If you don’t feel like wading through your MLS listings to find Freddie-owned properties, you can go to homesteps.com and click Search Our Homes.
Freddie’s incentives don’t neglect the public either. Participating buyers can look for:
- A two-year limited home warranty
- Closing costs up to 3 percent paid
- Savings on new appliances up to 30 percent
According to DSNews, Freddie’s sales efforts are already showing results: It sold 25,387 homes in the third quarter of 2011—a little more than the 24,385 it took in through new foreclosures. That left Freddie’s standing inventory at 59,596 homes, about 4.4 percent of the nation’s REO inventory.
To qualify for the current incentives, offers must be submitted by January 31, 2012.
Comments(0)