An upcoming Real Estate Auction may be the perfect opportunity for Las Vegas Area First Time Home Buyers.

 

Unlike most Auctions where investors constantly outbid "owner occupiers",  this first of it's kind event is specifically designed for "First Time Home Buyers" (people who have not owned a home in the past three years).

 

Over 75 Freddie Mac Bank Owned Homes will be Auctioned on April 24, 2010.  Further, buyers using Down Payment Assistant Programs or NSP (Neighborhood Stabilization Programs) will have properties set aside especially for them!  Buyer's using these programs can only bid up to 99% of a home's appraised value.

 

                                                                      This Auction will operate as all Auctions do:  Highest Bidder Wins! The successful bidder will also be charged a 3% Buyer's Premium (down from the customary 5%).  But that's where the similarities end!  All of the homes included have been inspected and appraised.  The wining bidders will receive a 3.5% closing cost credit from Freddie Mac and the homes are eligible for all types of financing (VA, FHA and Conventional).  All buyer's must be "Pre-Approved" with a Direct Lender.  There will be lenders on site and buyers will be able to compare rates and terms.

 

The homes are available for inspection on the two weekends prior to the Auction and by appointment with your favorite Realtor (hopefully me!).   The successful bidders must deposit $1,000.00 Earnest Money and will have up to 60 days to close.

 

More good news:  These homes will qualify for the $8000.00  Home buyers Tax Credit.

With home affordability being at an all time high-there has never been a better time to become a homeowner.  Contact me at www.LashelleSellsLasVegas.com