|The Property Source, Inc
All Rights Reserved, 2019
How to Submit An Offer on a Freddie Mac Listing
First, all Offers are submitted to the Listing Agent!
The Seller on the OTP is the Federal Home Loan Mortgage Corporation
Please Provide: Lender Qualification Letter Or Proof of Funds.
The Following People are
NOT Eligible to Purchase a Freddie
Mac owned Home.
HomeSteps or Freddie Mac Employees,
Suppliers, Listing Agents, and/or
Immediate Family Members of Employees
Suppliers, and Listing Agents.
All Freddie Mac/Homesteps Homes are listed on MLS.
48 Hours must past before an Offers can be submitted. The first 20 days
of the Listing, Only Owner Occupied Buyers may present an Offer. On
the 21st Day of the Listing, Investors may present offers. These
comments are on MLS in the General Remarks.
Should your client be an Owner Occupied Buyer, and wishes to present an
offer in the first 20 days of the Listing Period, please complete the
Owner Occupied First Look Agreement, Click Here!
Please forward to the Listing Agent with the Offer to Purchase.
What do you need to Disclose?
Is Buyer a Broker?
Is Buyer an Owner Occupied Buyer?
Is Buyer a First Time Home Buyer?
Is Buyer an Investor?
The Seller will NOT Agree to the Following:
The Offer is Contingent on the Sale of Another Property, Buyer wants to Occupy or Store Personal
Items Before Closing, Buyer wants to perform Repairs or Improvements to the home before
Closing, Buyers wants to receive Credits at Closing for Repairs not completed by the Seller, Seller's
Funds to be Escrowed Post Closing, Closing the last day of any month.
How Do I Present an Offer?
1. Use the NC Standard Offer to Purchase and email this to the Listing Agent.
2. Please provide proof of funds or a Per-qualification Letter with the Offer.
3. If a Company/Business is the buyer presenting the offer, make sure Corporate Documents are
included with the OTP. Investors can ONLY make offers on the 21st day of the Listing Period. See
MLS General Remarks.
We do not accept Due Diligence Fees nor recognize a DD Period.
The Buyer has 12 days from Execution of the contract to inspect the home.
This is on the Freddie Mac Addendum.
The Escrow Agent is the Listing Agent or the Seller's Attorney, No Exceptions!
The Listing Agent will accept Certified Funds ONLY from the Buyer's Bank Account.
Please make sure the certified check has the Buyer's name and property address of the home
Should the Buyer choose to have the Seller's Attorney hold the Earnest Money, this money must
be wired into their account. Wiring Instructions will be provided.