Freddie Mac is offering a winter sales promotion on its REOs, or bank owned properties, through the Homesteps program. Freddie Mac will pay up to 3% of the final sales price towards the borrower’s closing costs. Some homes are also eligible for a two-year Home Protect limited warranty that covers electrical, plumbing, air conditioning, heating, and other major systems and appliances. (Warranties like this typically cost around $400 per year or more.) In addition, Home Protect provides discounts of up to 30% on appliance purchases.
To be eligible for the incentives, you must submit an offer (and have it accepted) between November 15, 2011 and January 31, 2012, with escrow closed on or before March 15, 2012. You also must plan to move into the home. The incentives are only good for owner occupied properties.
There are currently 11 properties for sale in Bend that are offering these incentives. 32 homes owned by Freddie Mac have sold in Bend this year with sales prices ranging from $65,000 – $275,000. Contact me for a list of available properties.