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Brandon Wallace
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Brandon Wallace answered:
Rhonda,
Purchasing a HUD home can be a great idea for a first time home buyer or for a seasoned buyer. The HUD inventory is quite large right now creating a great opportunity to purchase a HUD home well below the market value. I am currently helping a first-time homebuyer right now where we have a house under contract for $30k below the HUD asking price with 3% in closing costs also being paid by HUD so he will have approximately 20% in instant equity.
An important thing to remember about HUD properties is that only real estate brokers that are registered and approved by HUD can bid and assist buyers in purchasing a HUD owned property. There is a formal process to bidding and buying a HUD property that is very strict and sometime arduous so it is important to use an agent that has had experience going through the process.
As a registered HUD agent I would be more than happy to answer any questions you have about the process or assist you in finding a great HUD property to call home. Please feel free to contact me at 678-595-4794 or at Brandon@NestBrokers.com
Purchasing a HUD home can be a great idea for a first time home buyer or for a seasoned buyer. The HUD inventory is quite large right now creating a great opportunity to purchase a HUD home well below the market value. I am currently helping a first-time homebuyer right now where we have a house under contract for $30k below the HUD asking price with 3% in closing costs also being paid by HUD so he will have approximately 20% in instant equity.
An important thing to remember about HUD properties is that only real estate brokers that are registered and approved by HUD can bid and assist buyers in purchasing a HUD owned property. There is a formal process to bidding and buying a HUD property that is very strict and sometime arduous so it is important to use an agent that has had experience going through the process.
As a registered HUD agent I would be more than happy to answer any questions you have about the process or assist you in finding a great HUD property to call home. Please feel free to contact me at 678-595-4794 or at Brandon@NestBrokers.com
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