If you are considering foreclosed homes in Boise or anywhere else in Idaho, a HUD” may be a great option. Should you choose to pay your own closing costs, it makes your bid more enticing to HUD and the chances of your offer being accepted will increase since HUD’s net return on the sale of the property will most like be greater than if it had to pay those costs for you. HUD does not guarantee the condition of any property, FHA-insurable or not, nor whether it meets local codes or zoning requirements.
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.
We are a HUD approved broker, and can show and help you purchase any HUD home for sale in Greenville, Simpsonville, Greer, Taylors, Mauldin, Fountain Inn, Easley, Travelers Rest, Piedmont or any other surrounding Upstate area. The bid that meets the acceptable threshold and has the highest net to HUD receives a provisional bid acceptance subject to receipt of all required documents. A real estate agent bidding on a HUD property could effectively reduce his bid price by the amount of commission he may earn on the sale. If the home you’d like to see is in your area, you can also contact your preferred local real estate broker and ask if the office is approved to show HUD homes.
The exact amount is specified in the HUD listing and disclosed in a document called Property Condition Summary. Each one, once HUD takes it over, is assigned a field service manager” who keeps a watchful eye on the home to make sure it’s secure and provides maintenance while the home is unoccupied. BUYER/SELLING AGENTS, we have a detailed Powerpoint presentation on how YOU can sell HUD Homes. However, purchasing a HUD home can only be done via an offer submitted by a HUD-approved real estate broker.
The government doesn’t want to own these foreclosed homes any longer than it needs to, so HUD homes are priced to move, often below market value. Their agents and employees are likewise restricted from buying or selling HUD Homes for sale to relatives or other affiliated persons or business entities. They often offer HUD Homes for Sale buying training seminars that you can attend.