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HUD Owned Homes.... Tips on Purchasing.

By
Real Estate Agent with eXp Realty 201006041

We just had a great presentation from Diana Yates of Action Realty in Meford, Oregon on HUD Owned Homes and how to go about helping our buyers purchase them.

Until today we were not set up with HUD and wondered how difficult the process was to get set up and also how difficult the bid process would be on making offers...... GOOD NEWS, ....Neither is Difficult.

We are getting set up today and the bid process is a piece of cake. 

There are certain restrictions like an owner occupant first look period, all original docs to be sent in after acceptance, use blue ink, commission and earnest money guidelines etc...

All told it looks very worth while and I am heading over to look at a HUD Owned Property this morning. 

Thank you to Diana and her team for the time and education on this.

For more information you can go to www.HUDHomeStore.com

Put another arrow in your quiver and get registered with HUD...

 

Make it a Great Day.

 

Joe Yates

The Atlas Group

Medford Oregon Real Estate


www.TAGBrokers.com

www.MedfordOregonAgent.com

Distressed Property Specialists- REO / Foreclosure, Short Sales

 

Comments(2)

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Larry Costa
Century 21 Classic Gold, Carver MA - Carver, MA
Realtor, MA Real Estate

Thanks Joe, good information. I know some agents still avoid these (HUD) listings though.

Dec 14, 2010 06:01 AM
Joel Humphreys
RE/MAX 1st Realty - Roanoke, VA

I've sold a couple of HUD homes.  It can be a little bit harder transaction but the deal the buyer got was worth the extra hassle.

Dec 14, 2010 06:04 AM