Real EstateMortgage

Real estate agents: Want to make an extra $1,000?

Freddie Mac offers winter bonuses for REO sales

The HomeSteps winter promotion starts today.

Selling agents will receive a $1,000 incentive, and listing agents a separate $500 incentive, when they sell HomeSteps homes located in one of the 23 target states.

HomeSteps is the real-estate owned division of Freddie Mac. The promotion runs between February 18 and April 15.

"HomeSteps’ 2014 winter sales promotion is focused on firing up sales in 'cold weather' states and condominium deals everywhere," said Chris Bowden, senior vice president, HomeSteps.

"With mortgage rates still low and home inventories tightening, the 2014 HomeSteps Winter Sales Promotion is a great opportunity for families ready to buy and real estate agents ready to sell," he added.

The incentive will also provide homebuyers a choice of $500 for condominium association dues, flood insurance premiums or their home warranty.

Here are the eligible states:

Alabama

Connecticut

Colorado

Iowa

Illinois

Indiana

Kansas

Kentucky

Louisiana

Michigan

Minnesota

Missouri

North Carolina

New Jersey

New York

Ohio

Pennsylvania

South Carolina

Tennessee

Utah

Virginia

Washington

Wisconsin

 

Fannie Mae is also offering more incentives to owner occupants — that is non-investor purchasers of new homes — by helping to cover the closing costs in some states.

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