HomeSteps, the real estate sales division of Freddie Mac, announced a special 2014 winter sales promotion that will pay cash incentives to real estate agents who list or sell HomeSteps homes in 23 select states between Feb. 18, and April 15. The 2014 HomeSteps Winter Sales Promotion also offers homebuyers a choice of incentives, including funds to cover condominium association fees.
“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.”
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 during the promotional period. The incentives will only be paid when the approved offers are received between Feb. 18 and April 15, the home is sold as a primary or secondary residence and the closing settles on or before May 30. The promotion does not apply to investor purchases, auction sales, sealed-bid sales and bulk sales.
States where the promotion is now active include: 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 and Wisconsin.
For the first time, the HomeSteps Winter Sales Promotion offers homebuyers a choice of $500 incentives they can use towards condominium association dues, flood insurance premiums or the home warranty of their choice.
For HomeSteps Winter Sales Promotion details and conditions, see http://www.homesteps.com/homesteps/real/promos.html.