Categoriesinfo for buyers

Fannie Mae Extends Incentives for Buyers

Fannie Mae (FNMA/OTC) announced the expansion of incentives to encourage sales of HomePath REO properties to owner occupants. Now through October 31, qualified buyers and selling agents can receive financial incentives on sales of HomePath properties, which can be found at The incentives are part of Fannie Mae’s commitment to neighborhood stabilization, and are available on sales to buyers who will reside in the home as their primary residence.

“Supporting homeownership and stabilizing neighborhoods are critical to helping the housing market recover,” said Ed Neill, Senior Vice President for Credit Loss Management at Fannie Mae. “Our previous incentives have been effective in securing owner occupants for these properties. By encouraging homebuyers who will make these properties their long-term home, these expanded incentives will help to stabilize communities.”

The expanded incentives offer qualified homebuyers up to 3.5 percent of the final sales price to put towards closing costs. In addition, selling agents representing the owner occupant buyer can now receive a $1,200 bonus. The incentive must be requested in the initial offer. Eligible initial offers must be submitted on or after June 14, 2011 and must close by October 31, 2011. Investor sales are not eligible for the incentive.

HomePath properties offer buyers a wide selection of options, including single-family homes, condominiums, and town houses. HomePath properties may also be eligible for HomePath Mortgage and HomePath Renovation Mortgage financing, which offers homebuyers an opportunity to purchase with as little as 3 percent down…

If this is HomePath is something you are intersted in, please call me and I will send more information your way.


CategoriesWashington real estate

Real estate is local

Windermere Real Estate is proud to partner with Gardner Economics to provide this analysis and commentary on the Western Washington real estate market. This report is designed to support Windermere owners and brokers as they educate buyers and sellers about the realities of the housing market.

I have the benefit of Annual (at minimum) live updates from Matthew Gardner as well as quarterly and periodic reports thanks to my association with Windermere.  I am always happy to pass on the great information I receive from this and other resources.  If you had a chance to read my quarterly report last month you’ll see that this is a bit more broad and looks at the entire NW region.  We hear plenty on the national front, but it’s more important to look at the regional and local real estate market.  It’s always good to bring everything we hear nationally into perspective.  As the old saying goes… “Real estate is local!”

Click HERE to take a look at the report.

Enjoy your week!