Real estate blog entries tagged with hud bids by Richard Weisser Coweta Fayette Real Estate

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Home : Blogs : Richard Weisser - Coweta Fayette Real Estate - Newnan homes for sale : Coweta County Real Estate Facts and Info by Richard Weisser Better Homes and Gardens Real Estate Metro Brokers Newnan : Tag "hud bids"

hud bids: “How long does it take to buy a HUD home from start to finish?” - 12/30/10 04:15 PM

This is a question that I am often asked. And the answer really depends on a lot of factors, as there are many people involved in the process.
For the purpose of this article, let’s talk about a HUD home that has just been listed, and that the purchaser is an owner occupant.
No bids are opened for the first 10 days that the property is listed. So if you make a bid on the first day of the listing period, you will have to wait at least 10 days for an acceptance.
In some cases, it it taking an additional … (11 comments)

hud bids: The HUD property report and appraisal could limit your ability to bid on a HUD home! - 04/19/10 06:58 AM

In Newnan Georgia, the competition for HUD properties can be fierce, and sometimes the bidding can get a little out of hand. But often, those seeking to purchase a property with only $100 down make a serious tactical error:
They don’t realize that the HUD price listed is not a suggested bid price, but is set based on a true appraisal of the property. Which means that any on bids over the list price an insured loan will be limited to that amount, plus an escrow items listed by the appraiser.
So those seeking insured loans that are awarded bids over … (56 comments)

hud bids: A complete step-by step guide for purchasing HUD Homes in Georgia. Part Four of Seven: How to bid on a HUD home? - 08/20/09 03:58 PM

In Part 3 of this series How do you find a HUD home in your area that is for sale? we discovered that the best way to find a suitable HUD homes is to engage a real estate buyer's agent that is proficient in the HUD buying process.
Once you have found a HUD home that is suitable for your needs, it's time to consider making an offer. In the state of Georgia, HUD uses a blind bidding process that allows each potential buyer to enter a bid prior to a clearly defined bid deadline.
Before having your buyer's agent enter … (14 comments)

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Richard Weisser Coweta Fayette Real Estate

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