Trick or Treat; the new system for marketing HUD Properties

Not that long ago we could show HUD properties and know what to expect.  Those days are gone.

Now that HUD is changing the marketing channel they put some properties on Bidselect and some on HudHomestore.  The commission rate is 2% more on Bidselect but we undertand eventually all the HUD properties will be on HudHomestore at the lower commission rate.

Given the amount of red tape inivolved, HUD's rigid system, convoluted closing procedures plus dropping the bonus to seller and agent for full price offers I think it's time to reconsider whether we're acting in our clients best interest when we sell a HUD property. 

I find that more ofter than not a private party resale property is the better deal and much less stressful for the client.