If you are trying to sell your house, there's a gorilla in the room! Fannie Mae is trying to avioid bankruptcy. So they are competing with the private market by offering freebies if you buy one of their distressed properties. Check out this release from Friday...
"WASHINGTON – Feb. 1, 2010 – Fannie Mae, the largest provider of residential home funding in the United States, announced on Friday that it would start to pay closing costs for buyers of foreclosed homes in its inventory. Buyers of qualified properties will get up to 3.5 percent in closing costs or an equivalent amount for the purchase of new appliances.
Fannie wants to clear out the nearly 50,000 properties it has in inventory – listed on HomePath.com, the Web site created by Fannie Mae last year to sell the growing number of foreclosed homes. The offer is available to any owner-occupant who closes on the purchase of a property listed on HomePath.com before May 1, 2010. Applicable properties can be found on HomePath.com, along with property descriptions, photographs, community and school information, and more..."
To see the entire FloridaRealtors newsletter's article go to
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=231524
If you want to see the seven houses in Palm Coast that were on Fannie's list when I wrote this, click here...
Palm Coast's HomePath.com listings
Finding the right property to buy is complicated. Don't just go touring houses. Contract with a Buyers Broker. Talk To Ted about how this could cost little or nothing and provide invaluable information to the sophisticated buyer. tedleshersr@gmail.com
No comments:
Post a Comment