I recently sold a HUD home which was falling in to disrepair and giving the neighbrhood a depressing look. There were areas of unfinished exterior paint, boarded up windows, trash in the yard. HUD listed the home and began to clean up the property. They priced it correctly, making it marketable in as-is condition. My buyer was able to begin repairs with the money they saved on the purchase price.
Fast forward 3 months and the house is starting to look great. A new roof was the first repair. The inside was gutted and all outdated appliances to be replaced. Siding, deck, windows and doors are new and sparkling. The house has a daylight basement which is going to become a mother-inlaw apartment. Many of the neighbors have come out to talk to the new owner, everyone is delighted with his purchase! More photos to be posted as the house comes to life!