HUD homes for sale in Grand Junction, CO

We have seen steady decline in the number of HUD homes for sale in Grand Junction, CO over the past year, In the first five months of the year in 2013 there were 197 homes owned by the government agency – Housing and Urban Development (HUD) sold. During the same 167 days in 2014 there have been only 91 sales of HUD-owned homes.

HUD homes for s $108,948 while in 2014 that average is $139,759.  Median prices – the middle item in a high-to-low list of property values – trend the same upward direction: $105,005 in 2013 and $121,750 in 2014.

If you are considering getting in the market for HUD homes for sale in Grand Junction, I suggest you do two things: log onto the www.HUDHomeStore.com for an up to the minute look at what homes are available and get a Realtor who knows how the paperwork process on these works. There is a lot of paperwork involved and mistakes or omissions there can get your bid or purchase offer rejected without even being considered.

To get the HUD home inventory at any time you can go, as suggested above, to the HUDHomeStore web site. For a list of both HUD and bank-owned properties, click this link.

Often times buyers think that HUD homes for sale in Grand Junction, CO must be a ‘good deal’. That may or may not be the case. These homes most often come with no guarantee the seller will do any repairs and they do not come with a clear title warranty. In other words, you may be in for more repairs or mold or cockroaches than you might have expected. Worse than that, there may be outstanding liens on the property, say for expensive work that may have been done years ago, that since a title company will not search for those, could come back to attempt to financially bite you. Not that a Realtor can see, foresee or solve problems like these and others; but, they are in a good position to make you as a buyer more aware of possible issues and concerns.  

Low inventory of HUD homes for sale in Grand Junction seems to have been a driver on the upward pricing and sales trend. That low inventory also means all those renters, contractors and bargain hunters out there looking for good deals are concentrating their focus on a smaller target market of available homes. This low inventory is a one indicator that prices for HUD homes in Grand Junction CO may be expected to continue to rise.