Fort Myers

Fannie Mae, the largest U.S. mortgage-finance company, recently announced it will offer additional financial incentives to buyers of foreclosed homes. The word is, they will be offering to let you use as much as 3.5 percent of the purchase price  towards the closing costs or even items such as new appliances.

This is another step to help clear the inventory of distressed properties.  This Fannie Mae offer plus the current tax credit is giving families up to $10,000 + to help purchase a home. Attracting qualified buyers to the market and reducing the inventory of vacant homes is critical to stabilizing neighborhoods and helping the market recover,” a representative of Fannie Mae said in a statement. “Many families are taking advantage of the federal homebuyer tax credit to buy a new home so this is a great time for Fannie Mae to offer some additional help.”

Any step to help stabilize the market and move the inventory of distressed properties is a positive move.  Right now we are in a “Buyer’s Market” like we have never seen before.  The next 2-3 years will offer some of the best buys in real estate this country has ever seen.

This offer is only good until May 1 2010.  So don’t wait, with these offers and the low interest rates…  Now is the time to get that new home!!