Home
Indianapolis HUDS
$100 Down Payment
Making Money
What is a HUD Home?
Buying HUD Home
Listing Process Begins
Sales Requirements
Listing Time Lines
Listing Codes
House Market Value
Condition Report
Example Listing
What To Offer?
Calculate An Offer
Teachers
Policeman
HUD FHA Loan
HUD 203K
FHA Appraisal
FHA 203K Mortgage
Streamlined 203K Loan
FHA Guidelines
HUD Home for a $1.00
HUD Homes Search
VA Homes for Sale
VA Vendee Financing
VA Vendee Loans
VA Home Loans
VA Foreclosures Search
Rural Home Loans
USDA Home Loans
Privacy Policy
Contact Us
Disclaimer

This photo is HUD Home Utah. This HUD Home Listing is in Spanish Fork and listed for $130,000.


HUD Home Listing Process Begins At The Computer

The HUD Home listing process begins on the computer. All HUD foreclosed homes are listed on the M&M Contractor's website at their "AS-IS" fair market value. My experience has been they are listed everything but fair market value.



Sometimes they are 10-20% below fair market value and other times over fair market value. If they are below market value, there will be numerous bids on it and your chance of getting a bargain is gone. Even worse could happen if it is above market value. If you or your real estate agent don't have the experience in HUD foreclosed homes, you could end up paying too much for the property.

I think now is the time to talk about one of the most important items about buying HUD foreclosed listings. You need to find real estate agent that is experience in HUD Homes for sale!

An inexperienced agent can cost you thousands of dollars in mistakes. They might cost you your dream bargain home. Believe me, I have seen it over and over.

You can ask most real estate agents if they do "HUD Homes". Of course they don't want to miss out on a commission, they will say sure they do. Some of the agents would have to go to their Broker-Owner and ask what in the hell are "HUD Homes"!

There are 50 agents in my office and probably only 4-5 agents have the experience to complete a HUD home listing tranaction. That means 90-95% of the agents could cost you money.

Oh, by the way, you CAN NOT bid on HUD Home Listings without an real estate agent! So you need to find real estate agent that is experienced in HUD foreclosed homes. More on that later.

The actual bid your agent will make on the computer only takes about 15 minutes. It is very simple form that request basic information on the purchaser of the HUD home, what is your bid amount, how you are going to finance the purchase and are you requesting HUD to pay for any of the closing costs.

But it is important that your real estate agent knows how much to bid on a property and how to fill out the necessary forms after you get the bid.

If your agent is experienced in buying HUD homes, the HUD home listing process, the bidding and closing process should go smoothly.




Back to Home Page from HUD Home Listing Process



footer for HUD home listing page