The Krain Blog

Fannie Mae has introduced a new tool to help buyers identify properties that are within the First Look marketing period on HomePath.com -- the First Look timer. Fannie Mae's First Look is designed to provide owner occupants and buyers using public funds a "first look" at Fannie Mae homes. During the First Look marketing period -- typically the first 15 days a property is listed on HomePath.com -- only offers from owner occupants or buyers using public funds are considered.

Property listings that are eligible for the program will include a First Look logo and a timer that indicates the number of days remaining in the First Look marketing period. As of May 3, the First Look timeframe will no longer be tracked according to the MLS (multiple listing service) listing date. All offers and negotiations should be based on the "days left in First Look" as provided in the property details.

The First Look program reinforces Fannie Mae's commitment to providing neighborhood stabilization across the nation. For more information, visit HomePath.com or contact a Fannie Mae listing broker.