GSE Announces Winter Bonus for Agents Who Sell HomeSteps Homes
By: Esther Cho
Agents who sell HomeSteps homes, or Freddie Mac-owned residences, are eligible for winter bonuses.
Freddie Mac announced it will pay a $1,000 bonus to a selling agent and $500 to listing agents as part of a winter promotion.
The promotion lasts until February 28, 2013 and is applicable in 20 states.
To be eligible for a bonus, buyers must purchase either a primary or secondary residence. The offer excludes investor purchases, auction sales, sealed-bid sales or bulk sales, but Freddie Mac stated two-thirds of HomeSteps homes are sold to owner-occupants.
Offers must also be approved by the end of February and close on or before April 15, 2013.
The promotion applies to homes sold in Alabama, Colorado, Iowa, Illinois, Indiana, Kentucky, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Virginia, Washington, and Wisconsin.
As of September 30, 2012, HomeSteps held 50,919 homes in its inventory and about two-thirds of the homes were in the 20 eligible states. On average, Freddie Mac says the properties sell for 95 percent of their current market value.
HomeSteps.com is the official site for GSE’s REOs. For more details and conditions, agents can visit HomeSteps.com.
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