- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (4)
- Jeff Kinkade, "Jeff Kinkade"
- Contributions:23
Our office lists a lot of Fannie Mae properties in our area and they really do not come off the list price very much when they have just came on the market.
I calculated some recent sales of some of ours that have sold quickly after being on the market, about 93% of list price is about as low as I've seen any be accepted.
I calculated some recent sales of some of ours that have sold quickly after being on the market, about 93% of list price is about as low as I've seen any be accepted.
- Shayne Holland, "Shayne Holland"
- Contributions:429
On Fannie Mae homes, you aren't going to get much off the asking price right off the bat, maybe $1000 or so. The longer it sits on the market, you can get more off. Be sure you ask about Homepath loans. On some Fannie Mae foreclosures you can get some help with closing costs, low down payments, and low interest on a Homepath loan. A buyer's agent can really help you with that. Best wishes.
- Pat Pribisko, "Pat Pribisko"
- Contributions:1426
You need a Buyer's Agent to represent your interests. The Buyer's Agent's services are at no charge to you, as the Seller pays the commission, even is a "bank owned' property. If you don't know a Realtor, ask for recommendations from family members, friends, neighbors, co-workers, etc.
- Naima Sumner, "Dallas Ft. Worth PRO"
- Contributions:2847
There is no rule of thumb. Your agent can look up the history on the home and find out the loan amount etc.
Naima
Naima
What is a fair offer on a Fannie Mae owned property?
Chris
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.