Is a HUD Home right for you?
March 12, 2018 |
A HUD home is when a government-insured loan (FHA) gets foreclosed and the Federal Housing and Urban Development pays the defaulted loan off and then puts the home on the market. There are many advantages to buying a HUD home and it just so happens we
can sell them to you!
The first advantage of buying a HUD home is that there are various financing programs that are available to buyers of HUD homes. From cash to loans to a FSH-insured mortgage, you have a variety of options to choose from when it comes to buying a HUD home.
Secondly, HUD homes usually have a lower market value. The values will be reasonable and occasionally you can find exceptional deals. Prices are negotiable depending on the buyer and HUD realtor.
Lastly, HUD homes are excellent opportunities to get an inexpensive home, but it will most likely need some work done to it. If you are looking for an investment opportunity and are ready to use your tool belt, a HUD home is a great option. If you’re
looking for a house to flip let us help you find a HUD home.
Be informed -- HUD homes are sold as-is with no warranty of any type. It is your responsibility to get the home inspected in order to identify any potential or existing problems with the home. To purchase a HUD owned home you must work with
a HUD registered real estate broker that can put in a bid on a home for you. Luckily for you, we are a registered real estate broker of HUD homes. Contact us today and let’s find you your next home or investment opportunity.