SoldDec 23, 2011

Listed by Yvette Palmer and Karen Miller from Agave Premier Properties

Bought with James Ross from Burns Realty Inc

Source: Tucson Association of REALTORS #4110784

1496 Gerardo Ct, Rio Rico, AZ, 85648

$205,000

3
3
3
3369 sq. ft.
1.6 ac.

SingleFam

•

30+ days on the market

Sold: Dec 23, 2011

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About this property

Grand Santa Fe home designed with 5 fireplaces, you will be able to enjoy two of the fireplace outside! Home boosts a split floor plan with a sunken living room, formal dining room, and media room. Saltillo tile found throughout home with talavera tile in kitchen and baths. *GUIDELINES FOR MAKING OFFERS FOR FANNIE MAE-OWNED HOMES*[] [] 1.) Buyer's Guide For a Fannie Mae-Owned Home: http://goo.gl/r9Zw8[] [] 2.) HomePath Financing: http://goo.gl/EqG74[] [] 3.) Fannie Mae won't accept any offers until a property has been listed for at least three (3) business days.[] [] 4.) FirstLook period - Fannie Mae only considers offers from owner occupants and public entities for the first fifteen (15) days a property has been listed: http://goo.gl/7Qpko[] [] 5.) To view how many days left in FirstLook go to: http://goo.gl/cctAA 6.) Title company is Buyer's choice, please coordinate with listing Agents to provide REO Purchase Addendum with Supplemental and Owner Occupant Certification if applicable before submitting an offer. 7.) Offer MUST contain Buyer's legal/correct name. No amendments will be allowed. 8.) Add following verbiage under "Additional Terms & Conditions" in your AAR purchase agreement: Pursuant to section 28 of real estate addendum, this contract is su bject to all terms and conditions set forth in the real estate purchase addendum. 9.) Specify Karen S. Miller as the listing agent in the AAR purchase agreement. 10.) Please email offers to ksmiller@agavepremier.com and ypalmer@agavepremier.com. *** NOTE: If offer is accepted, the AAR purchase agreement will need to be revised to coincide with the FM purchase addendum.*** *HOMEPATH BUYER INCENTIVE: June 14 October 31* Fannie Mae is currently offering buyers up to 3.5% in closing cost assistance through October 31, 2011. A $1,200 selling agent bonus is also available to selling agents who close on an owner occupant property and meet all eligibility requirements and terms and conditions. *TERMS AND CONDITIONS:* Buyers and/or selling agents (the agent representing the buyer) must request the incentive upon submission of initial offer. Initial offer must be submitted on or after June 14, 2011 and close by October 31, 2011. Initial offers made prior to June 14 are no t eligible for the June 14 October 31 incentive. Sale must close on or before October 31, 2011. No exceptions will be made to this deadline. (Note: Initial offers submitted after September 15, 2011 may not close by the incentive deadline of October 31, 2011.) Buyers must be purchasing a HomePath property to use as their primary residence to receive closing cost assistance. Second homes and investment properties are excluded from the incentive. Sales closed via the retail channel are eligible, including those utilizing public funds. Pool and auction sales are ineligible. Buyers must sign the Owner Occupant Certification Rider to the Real Estate Purchase Addendum. Buyers with total closing costs under 3.5% are not eligible to receive the difference as a credit. Properties where Fannie Mae acquired the property in connection with financing under a reverse mortgage are not eligible. Ask the listing agent for details. Buyers should consult their lenders for guidance on financing. Lenders and mortgage products may impose their own limitations on the use of the 3.5% incentive. For example, the lender may consider the incentive a Seller Contribution and limit the amount to 3.0%. In those instances, the remaining 0.5% will no longer be available to the buyer. Fannie Mae reserves the right to remove any property from promotion or end the promotion at any time. Any dispute over the payment of the incentive shall be resolved by Fannie Mae in its sole discretion.

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