Select Service Realty
What is a HUD Home and Benefits of Buying a HUD Home
 
 
 
 

Top 10 Buying Tips
for HUD Homes!

 

Homes owned by the United States Department of Housing and Urban Development (HUD) offer a great value in today's real estate market enabling you to save thousands of dollars on your home purchase.

 
 

There are many advantages to purchasing a HUD Home. First, there is no haggling with the seller. HUD's sealed bid system was designed to be a transparent system where the highest bidder wins with all the processes spelled out in black and white with a quick response to bids - usually within 24 hours. Second, HUD eliminates many costs for homeowners while providing closing cost assistance up to 3% of the purchase price. For example, HUD provides a clear termite inspection report. In addition, FHA financing requires a low down payment. Finally, HUD requires a low earnest money deposit of $1,000. With these benefits and more, purchasing a HUD Owned Home is the smart choice for many prospective home buyers.

 


Successfully purchasing a HUD Home involves a different approach than purchasing a home from a private seller, and there are specific strategies to make the purchase hassle free.   Download your FREE Report by completing the request on the right. 
 
 
 
 
Select Service Realty; 1061 Avenue M14; Palmdale CA 93551; (661) 722-2848; homes@ssrav.com; CalBRE # 01864593