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!"
Related Blog Posts
Spring is upon us, and families all across the country are once again gearing up to make a move at the end of the school year. For those relocating from out of state, it can be hard to determine which schools are the BEST Las Vegas schools for their kids from a such a distance. Fortunately, the Clark County School Dis...
Who says you have to be IN Las Vegas to SELL Las Vegas? Not our agents, that's for sure. Our agents keep a weekly "diary" of general activities, just to keep them focused on what they are actually doing each day. Nothing formal, just a random list of "stuff" they have done during the week, including pesonal time. And...
Debra Leatham, a premier agent on the #1 Tonnesen Team at Berkshire Hathaway HomeServices Nevada Properties would like to share her experience in assisting a family in the purchase of a brand new home here in Las Vegas. This beautiful new home is located in the Richmond American community of Centennial Valley, just...
Now that you have seen the “Strip,” you may wonder if Las Vegas would be a great place to live. As you start your research, know that the individual tax picture here is one of the lowest of anywhere in the U.S. You have probably seen articles about our great climate with more than 330 sunshine days a...