City of Sunrise Florida Offering Cash Incentive to Home Buyers
The City of Sunrise Florida has seen an increase in Real Estate Sales, and they want to keep the momentum going. In an effort to move the inventory of existing short sales and foreclosures, the city is offering up to $2,000 to those who buy a distressed property as their primary residence, and who have been pre-approved for a conventional, fixed rate or FHA mortgage.
There are a number of guidelines that the home buyer must meet in order to be eligible.
* The property must be a single family home, townhome or villa to be used as the primary residence, which was purchased as a foreclosure or short sale.
* The owner/buyer must actually reside in the property and it MUST be their primary residence. The city will verify this.
* The home must be occupied as a primary residence within 6 months of purchase. The applicant will be asked to complete a Primary Resident Certification form at the time of application. The applicant must occupy the home and obtain Homestead Exemption from the Broward County Property Appraiser within 12 months from the when the home was purchased.
* The incentive reimbursement for up to $2,000 is for any one or more of the improvements on the "Improvements Eligible List". See the following links for details....
The New Home Buyer Incentive Program is run by the Redevelopment and Grant's Division of the City of Sunrise Community Development Office.
The is an outstanding opportunity for home buyers considering a purchase in the Sunrise Florida area!!
City of Sunrise Florida Offering Cash Incentive to Home buyers