Freddie Mac Incentives!

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
• $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.

Combine this with ridiculously low interest rates and isn't it time to shop for homes for sale in Spokane?!