Freddie Mac want’s to give back. Well its about time that Freddie Mac announced
new incentives for buyers that want condos. Port Charlotte Realtor Jessica Coleman with Allison James Estates and Homes know that Freddie Mac, the government-backed lending giant had to move condo inventory fast. She say‘s that the condo market is flooded with foreclosure inventory.
There are stipulations:
1. The condo has to have been on the market for at least 120 days.
2. Buyers have to make the offer between now and November 15th.
3. You have to close by the end of the year.
4. The cash offer is only good for buyers actually looking for a new place to call home.
Another incentive offered on some of the condos is a two-year home warranty that covers electrical, plumbing, air conditioning, heating.
That program, Home Protect also provides discounts of up to 30 percent on the purchase of appliances.
I guess every little bit help in this economy. I feel this Freddie Mac Program that offers $1,500 cash for condo buyers will help many condo buyers achieve home ownership.