How to Buy a Fannie Mae Home



El Paso Homes

Want to know how to buy a Fannie Mae or Freddy Mac home? Here is a link to all the information you'll need to get started buying a foreclosure government owned property “How to Buy a Fannie Mae Home. Buying a foreclosed home from Fannie Mae requires that you be represented by a licensed REALTOR, can take up to 90+ days, and most foreclosures require the buyer’s loan to be a conventional loan or cash due to the “AS IS” condition of the home.

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Working with an Exclusive Buyer's Agent

This site have been provided for buyer's only by Yvonne Russell, Exclusive buyer’s agent. An Exclusive Buyer's Agent is trained to represent the interest of the buyer in the home purchase transaction which gives buyers the peace of mind that there won't be a conflict of interest. As your buyer's agent I can show you any property for sale and negotiate the lowest price for the house. As an Exclusive Buyer's agent I am paid at closing out of the proceeds of the transaction (like everyone else).  Please feel free to save your favorites, send me emails of homes you are interested in, or ask me any question that is on your mind. Lastly, since the loan process is the longest part of the home purchase process I recommend contacting a mortgage lender now if you want to move into a home in 30-45 days. Here are a few lenders my clients have used successfully at El Paso Preferred Lenders. Call me if you have any questions or comments. Yvonne A. Russell,  REALTOR® |CELL (915) 873-8646 | (888) 845-2408 | FAX (915) 594-9253 Russell-Realtor El Paso Preferred Lenders MLS Access JD Power Survey-”Top Rate Real Estate Agent”

Yvonne Russell, RE/MAX of Texas, RE/MAX Associates, 10940 Ben Crenshaw Dr Ste C, El Paso 79935

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A Market Analysis
Setting the right price is an important first step in the process of selling a home. Is it necessary to spend $200 to $400 for a professional appraisal of your property before placing your home on the market?

A professional appraiser's opinion of a property's market value is based on the recent sales of similar homes in the neighborhood, and on the square footage and condition of the property. Different appraisers might come up with different figures. Even if all of them agreed on a value, there is no guarantee that you would receive that amount for your property.

An alternative to a professional appraisal is to ask a professional real estate agent for a written market analysis of your property. This analysis will include information about recent home sales in your neighborhood, as well as how those homes compare to yours. Real estate agents may provide this service with no charge or obligation. If you are still unsure of the value of your home, you may wish to pay for an appraisal.