When you have a buyer that wants to see a HUD Home, you must schedule the appointment with the Listing Broker. HUD Homes may have electronic lockboxes or other lockbox. It is up to the Listing Broker. At this time, I am aware of 5 different HUD door keys and 1 HUD padlock key. Listing Brokers do not change the locks, the FSMs do that. The Listing Broker does not know which key will be used until they do their initial inspections.
Remember that you must accompany your buyer to all showings, and to any future inspections, including home inspections. NEVER give a HUD key or lockbox combination to anyone unauthorized to have them.This could result in your registration to sell HUD Homes to be revoked.
When you enter the home, look for the HUD Registration Form, it may be on the wall, a kitchen cabinet, or other location as determined by the FSM. The Listing Broker must report all activity on HUD Homes, so MAKE SURE YOU SIGN AND DATE THE REGISTRY FORM on location. It is not necessary to leave a business card as long as you have signed in. Please respect the duties of the Listing Broker and help them to give accurate reporting to HUD.
Remember, you must have a valid NAID number to show a HUD Home.
More information on Selling HUD Homes can be found at HUDHomestore
If you missed my previous blogs on HUD Homes, please subscribe to my blog and follow. This is all new to us since last fall, it has not been without some confusion, for listing and selling agents, but for the HUD Asset Managers too. They have a huge job to do for HUD, and HUD has lofty requirements. This is here to stay for a while, so let's all work together and get these HUD Homes sold. The faster we can do that, the faster the market will heal itself, and the faster we will get back to a healthy housing market.
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