Welcome to William Raveis Real Estate, Mortgage & Insurance, the largest family-owned company in the Northeast serving Cornwl-On-Hud New York. HUD will pay a 6 percent sales commission to agents involved in the sale, whether sold through a broker or sold by HUD directly. A HUD home is classified as a 1 to 4 unit residential property that was acquired by HUD through a foreclosure or short sale of a FHA-insured mortgage. In some instances, there are deals allowing buyers substantial savings which make HUD homes a viable source for any home buyer.
Just call (405) 694-8537, and let us know the street address of the property you would like to take a look at, and we will use our special HUD key to open the property for you. A nationwide database listing available homes can be found here and on a litany of Homes for Sale sites. We send most of our clients to them and I do know they have a lot of experience dealing with HUD homes. It just depends on the neighborhood and income that HUD will consider a HUD area and home.
These agents must be registered with the folks at HUD and your real estate agent’s broker must have an established account with HUD Idaho as well. In addition to weekly newspaper advertisements in the real estate classifieds, HUD homes are also advertised through a number of other sources. The following information is provided as an introduction to the process through which HUD homes can be purchased. HUD properties are often sold considerably below their market value, making them a great deal for buyers.
It also helps the agent narrow down the search so that he or she can only show you homes you would most likely be interested in seriously considering. Whether you are an experienced investor or new homebuyer, buying foreclosed properties from the United States Department of Housing and Urban Development (HUD) is a great way to make money in the real estate market. The Listing Broker may be consulted for assistance and there are training seminars offered regularly for agents, brokers, lenders, and others who are interested in selling or purchasing HUD-owned homes. Perspective purchasers MUST be accompanied by a broker or agent when viewing any HUD home listed for sale.
Keeps track of a large range of government foreclosures , such as Freddie Mac foreclosures , Fannie Mae foreclosures , and VA foreclosures all with savings comparable to those found when buying a foreclosed HUD home. Another bonus for home buyers is that HUD gives preference to owner-occupants who intend to live in the home for at least one year, so odds are good you’ll beat out investors to boot!