CENTURY 21 Hometown Realty is here to serve our clients central California clients. HUD wants to sell these properties quickly to recover as much as possible on its investment. HUD homes must be purchased through HUD approved brokers which Horizon Realty has been for many years. Still curious about how to calculate the active days on the market which I think can help decide on which homes to target.
HUD also may take away the ability for the real estate agent representing the buyer and their office to sell HUD homes. Any real estate transaction can have its ups and downs, but Denver HUD homes have their own set of rules and procedure to follow. Many people are interested in buying HUD owned houses because of a possible low market value of the home.
As well as HUD sales our Realtors can also assist you with a variety of other types of home purchases. HUD homes are sold as-is The new owner is responsible for all repairs and improvements. In addition to HUD homes, we sell VA and Bank Repos, new construction homes and ANY home listed by ANY company in Oklahoma!
HUD offers an initial 15 day bidding period for buyers intending to live in the home. Call Kevin Kelly at 716-912-4483 or your agent for more information on HUD homes. Investors can bid on HUD homes on the 16th day for insured properties and on the 6th day on uninsured HUD homes.
The normal down payment for a FHA home loan is 3.5{6ea1d85b87534fab6e24031f499cc2ede23940dcd11dcec5d1566c72a09a2c6a}. The main reason HUD offers the $100 down payment program is to sell HUD foreclosed homes fast and also to get owner-occupant into the homes. Homes that are still on the market after the 15 day bidding period are then offered to investors.