Trulia Voices Real Estate Q&A in Fredericksburg

Greg L
Greg L
Home Buyer
Arlington

I am looking a at HUD forclosed home in the Virginia area.

Sat Feb 9 2008, 19:00 - Fredericksburg - Foreclosure - 2 answers

Would any real estate agents reduce their commission in order to offer a lower price for the home? I believe HUD offers a 5% commission. Agents must be approved by HUD before they can submit an offer.
Thanks

Helpful (0)  
Email Alerts
Send to a friend
Share
Save
Report  
Pat Mulligan, A…
Pat Mulligan, A…
Real Estate Pro
23606
Sun Feb 10 2008, 07:47

Oh-- and I forgot to mention: the BROKERAGE is what is approved, not the individual agent. All an agency has to do is register with HUD- there is no educational or certification required, so interview the agents before selecting one to help you.

Helpful (0)  
  Report
Pat Mulligan, A…
Pat Mulligan, A…
Real Estate Pro
23606
Sun Feb 10 2008, 07:42
FIRST ANSWER

Back in the day...when govenment repos (HUD & VA) were numerous and so were the buyers for them, I heard rumors of agents cutting their buyer agent commission in order to win the bid and at the same time, save the buyer money. All things are negotiable... just ask. Remember, though, you get what you pay for. I suggest that to win the bids you get an agent who is experienced in foreclosures. These are not for the novice.

Helpful (0)  
  Report

Didn’t you find what you are looking for? Ask a question!

Check out more about Foreclosure in Fredericksburg

Walstmnky, Just Looking in 60601
We recently bought a house:
Answered Sun Jan 20 2008, 12:21 by Walstmnky in 22406
Read all 5 answers
Moonstone, Home Buyer in 22408
My score is 635 and improving. My income is obove 140K. I am looking to get financing on 550K?
Answered Thu Aug 30 2007, 07:05 by Moonstone in 22408
Read all 10 answers
View more Foreclosure questions and answers in Fredericksburg >>
Quick Links
Trulia Voices

Home

Questions & Answers

Blogs

Agent2Agent

Using Trulia

Contribute

Ask a Question

Write a Blog Post

Surviving the Housing Crisis: Worried about the housing market? Visit our Surviving the Housing Crisis Resource Center. Read what people are saying and ask the experts for advice.
Ask a Question
Search Advice & Opinions
Email me when…
Sign Up

Learn more