How to buy a HUD Home

How to buy a HUD HOME Well first of all, you either need to be in the market for a home, or at least you are looking for a home to invest in, fix up, and either rent to a tenant or resell it.

  (flip)

Most Realtors will tell you that the first thing you need to do before doing a serious home search is to visit a mortgage broker or banker and find out what you have the ability to purchase. (I can reccomend a couple of different good ones) Many people don't even get this far because they feel like they can't qualify.  DON'T DESPAIR!  You will never know until you try.  There are many programs still out there that will help you get into a home.  At the minimum, you will find out what you need to do qualify for your own home.

new HUD foreclosures come out every Friday at http://www.hooksvanholm.com

Huntsville Alabama MLS

An important note:  For the first 10 days, they are available to owner/occupants only.  Meaning you are not competing with investors with deep pockets!  At the end of the bidding period, the following Sunday after midnight, the bids are reviewed and the best one gets it.  Simple as that!   They aren't always trashed either.....I have seen some very nice homes sold by HUD, you just need to determine where you want to live and what price range you need to be in......

THEN What you do is.........call ME!  256-797-1648.  All HUD homes must be sold through a Realtor.  I am stoked about helping people get a great deal on their homes.

 

Have a safe weekend!  Don't forget to check out the new homes on Friday I am planning on looking too! 

Huntsville Alabama Real Estate For Sale

Walter