What to bid on a hud home

DR 079: HUD Homes–Saving Big Money with HUD Foreclosures

Regardless how much you wish not to believe the truth. July 16, 2008 at 11: If there had been damage under the slab that would have been a deal breaker. One of the most important things a potential owner occupant should do is find a real estate agent who is familiar with HUD. Web was stuck during loading and thought I had cancelled…… See next post.

Real estate agents who have experience bidding on HUD homes will often use the 88-percent strategy.

what to bid on a hud home

Buying a HUD Home for yourself can be equally rewarding. I watched the HUD website for almost a year before my house was listed.

what to bid on a hud home

A HUD-approved real estate broker can show you the property when you've located a home that you'd like to see. HUD wants to sell the property as quickly as possible.

HUD Bidding - How Much to Offer on HUD Foreclosure Homes

It is very informative. Here's a scenario that shows how these homes come back onto the market. June 22, 2014 at 2: Be realistic about bidding. The price of a home in need of repairs is adjusted downward to reflect the investment a new owner would have to make to improve it and make it livable. You'll also get instant access to my interview of a husband and father who retired at the ripe old age of.

what to bid on a hud home

Then HUD sells the home. If they can make a profit, great. It took a very long time, over a year, to find a foreclosure that met this criteria.

what to bid on a hud home

Please email me back as soon as you can. For an explanation of this bid logic, I'll defer to Al Hardymon. Some homes, however, were in near move-in condition. First, you get to bid on the home first.

what to bid on a hud home

Did not know this posting showed up. John uses an FHA loan to buy a house.