February 10, 2016

HomeSteps: Your Top Questions Answered


Searching for a home? You may want to begin at HomeSteps®, the real estate sales unit of Freddie Mac. We have affordable and repaired homes available across the country just waiting for an owner. Today we're answering your top HomeSteps questions.

How can I find a list of available HomeSteps homes?
HomeSteps has a wide selection of single-family homes, townhomes and condominiums that are located throughout the country. Search our listings for available HomeSteps homes in your target neighborhood.

Who can I contact for more information about a HomeSteps home?
You can either contact the listing agent identified on the property listing directly, or if you are working with a licensed real estate agent, they can help you get more information and arrange to see the home.

How do I buy a HomeSteps home?
The process for buying a HomeSteps home and submitting an offer is similar to the process for buying just about any home listed on the market. Visit  Making an Offer on a HomeSteps Home for more information about the buying process.

What is the advantage or benefit of buying a HomeSteps home?
HomeSteps Good Neighbor Practices are designed to support and protect neighborhood values by showing clean and maintained homes, and selling the homes at market prices. Once HomeSteps acquires a home, the home is secured, the trash is removed from the interior/exterior, the lawn is properly maintained and is followed up by weekly maintenance, and exterior and interior cleaning is initiated.

Can I negotiate pricing on a HomeSteps home?
You can negotiate, however, it is important to know that most of our homes sell very close to full estimated market value. Offers from multiple bidders are common and in some markets homes sell for above list price. Your real estate professional can work with you to determine a price that you believe is fair. Generally, the most successful offer is one that aligns with comparable values in the surrounding neighborhood.

How long does it take for HomeSteps to respond to an offer once it has been submitted?
On average, complete offers are responded to or countered within 48 hours, but it may take 5 to 7 days for the full final approval process to be completed. HomeSteps has the right to accept or reject any offer; legal acceptance occurs only when the contract is fully executed by all parties. HomeSteps will not begin negotiating any offers on a home until it has been listed in the local Multiple Listing Service (MLS) for 48 consecutive hours.

Can I purchase a home directly from HomeSteps/Freddie Mac?
HomeSteps uses the services of real estate agents to sell Freddie Mac's real-estate owned homes. If you are interested in purchasing a particular home, please contact the assigned listing agent for the home or work with your real estate agent to facilitate the transaction.

Learn more about the HomeSteps difference and start your search today.