Special offer

Freddie Mac vs Lil O'Lady

By
Real Estate Broker/Owner with Northern Illinois Real Estate

Ok, Freddie Mac is the proud owner of a nice little condo that needs paint, carpet, a couple of appliances, and a new window.  I can't go into details, but suffice to say, Mr. Mac would not negotiate price at all.  Flat out, less that 24hr rejection, with no further comment, and the property being priced near the top of the comps in the area.  The amount of earnest money put down with the offer, would normally make anyone realize the buyer was very serious.  The listing agent says that they do not budge from their chosen price very much or very often.  Has anyone else had this experience dealing with Freddie?  I though they wanted to unload properties fairly quickly.