Freddie Mac’s Homesteps unit just kicked off their latest sales promotion, Full House, which runs from May 1 to September 29 and offers buyers a portion of their closing costs paid and selling agent bonuses up to $1,000 on any of the nearly 10,000 Homesteps homes nationwide.
They “will pay up to 1.5%* of your purchase price in closing costs, for all offers presented between May 1, 2006 - September 29, 2006″ and “with escrow closed by November 17, 2006″. The closing cost credit can’t exceed the actual closing costs, so a buyer with only 1 percent closing costs would get a 1 percent credit.
Agents and buyers will also want to take note of one very important requirement:
In order to receive the closing cost discount, or to redeem a bonus certificate, the selling agent must mention the certificate at the initial Offer Negotiation with HomeSteps, or bonus will not be valid.
For full details of the promotion and to sign up for the closing cost or agent bonus coupon, visit the Homesteps Full House webpage. [Popup window]
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