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.
