“How long does it take to buy a HUD home from start to finish?”

Real Estate Broker/Owner with Richard Weisser Realty

Newnan HUD homes for saleThis 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 2-5 days for the winning bidder to be notified. Once notified, the selling agent then has only 2 days to get the contract delivered to the HUD asset manager.

Then it takes an additional 7-14 days to get a fully executed contract. From that point, a buyer obtaining a loan has 45 days to close and a buyer paying cash has only 20.

So the final answer is, it can take anywhere from as few as 30 for a cash buyer a fast turnaround times days to as many as 75 days for a buyer getting a loan and  slow responses from all those involved in the process.

An experienced HUD selling agent can help guide you during the entire process and help you with the exact timelines in your transaction.

To locate HUD homes for sale in your area visit HUDHomestore.com.


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William Feela
Realtor, Whispering Pines Realty 651-674-5999 No.

Richard...that is if the bank is on the ball, and no other issues come up .

Dec 30, 2010 08:19 AM #1
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

Richard:  Great post explaining timelines of buying a HUD owned property.  I just took a course in listing these homes and I think your post is the first that actually explains how long the process takes from start to finish.

Dec 30, 2010 08:30 AM #2
Gerry Michaels
Glasswork Media Arts - Gettysburg, PA
GettysburgGerry Social Meida

Good info Richard, it does depend on if the bank is on the ball as William points out,

Dec 30, 2010 08:42 AM #3
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Richard, in our area the hang-up for any home is the appraisal. We have had waits as long a 3 months just for the bank appraisal.

Dec 30, 2010 09:01 AM #4
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK


I was going to make sure that I knew when your 200th featured post was so I could congratulate you and then it came and went a couple of posts ago. 

So here I am two blogs late saying "That's an amazing accomplishment!" 


Dec 30, 2010 11:55 AM #5
Richard Weisser
Richard Weisser Realty - Newnan, GA
Richard Weisser Retired Real Estate Professional


It usually goes OK! After, there is plenty of time alloted! THX

Chris Ann...

We list them. It's a lot of work! Thanks.


With HUD it is more of a bureaucratic thing! Thanks my friend.


Thanks for noticing. It seemed like it took forever to get from 199 to 200. I think that I got a case of the "yips!" Have a great evening.

Dec 30, 2010 12:10 PM #6
June Tassillo
Owner/Broker RE/MAX Elite Realty - Franklin, NC
Let me help you with the next phase of your life!

Richard ~ I have had no problem with HUD homes with Cash buyers though and we choose to use their attorney that was offered.  Seems to go smoother if its in one office.   I don't think I have ever seen anyone explain it in such detail, good post.

Dec 30, 2010 12:23 PM #7
Cynthia Larsen
Cotati, CA
Independent Broker In Sonoma County, CA

My first HUD sale was an incredible learning experience and it seemed to take forever! I just read all of the new rules ... it should be an interesting HUD year!

Dec 30, 2010 12:45 PM #8
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Richard: Just closed a cash HUD deal, paperwork in Nov 18th, closed Dec 22nd.

Dec 30, 2010 03:43 PM #9
Jim Hale
Eugene Oregon's Best Home Search Website

It's really pretty straight forward, isn't it?

Happy New Year!

Dec 30, 2010 04:59 PM #10
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Richard your post does give a general idea of the time frame, and for those considering the purchase of a HUD home what to expect.

Dec 31, 2010 12:44 AM #11

I've been under contract since 11/17/15. It is now 3/14/16. Four months and still no word on when we can close. HUD missed a lien on the title and we've been waiting two months for them to pay it so we can close. They assure me we WILL close, but no one knows when.

Mar 14, 2016 12:27 PM #12
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