If you have been thinking about buying a home in Las Vegas in the next five weeks, Fannie Mae might pay 3.5% of your closing costs!
This spring, in an effort to move some of the foreclosure inventory in its portfolio quickly, Fannie Mae is offering a special closing cost incentive for owner/occupants who go to contract by March 31st, 2014 and close by May 31st, 2014 on one of its HomePath properties. They will pay 3.5% of the sales price as a cash incentive on listings that are purchased during the "First Look" period.
The "First Look" period is defined as the first 30 days the property is listed for sale in Nevada. (In other states it is only 20 days.) To encourage home ownership, during that time period ONLY owner/occupants are allowed to bid on Fannie Mae properties. Each "First Look" property has a countdown clock that indicates the number of days remaining before bidding is also opened to investors.
You do NOT have to be a first time buyer to purchase a home under this program, just an owner/occupant. To obtain a list of Fannie Mae HomePath properties for sale in Las Vegas, call 702-985-7654 or email us at firstname.lastname@example.org.
In addition to offering the closing cost cash incentive, Fannie Mae will also waive the appraisal if the buyer uses a Fannie Mae approved HomePath lender. We can also help you find an approved local lender in the Las Vegas area.
**Please note that Fannie Mae HomePath properties are foreclosure listings and are sold "as is where is." Buyers are highly encouraged to get a home inspection on any HomePath property as part of their due diligence period.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"