Many people are interested in buying HUD owned houses because of a possible low market value of the home. HUD does list the homes for a reasonable value, however, some great deals are available depending on the home and the price negotiated between the buyer and the listing HUD agency.
To purchase a HUD owned home you must work with a HUD registered real estate broker that can put in a bid on a home for you.
HUD owned homes are sold as is with no warranty of any type. It is your responsibility to get the home inspected in order to identify any potential or existing problems with the home.
HUD homes that are for sale can be a great way to purchase your own home or find opportunities for real estate investment properties.
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The advantage of buying a HUD home is there are various financing programs that are available to buyers of HUD homes. The disadvantage is not all agents have access to HUD homes as they use a keyed access system in which the broker has to have the 'HUD keys' to show the property.
Follow the link for a listing of HUD homes in Kansas