HUD homes for investments

With capital area real estate markets cooling we are begining to see HUD homes stay on the market longer. This is also true for all homes. When a HUD home does not sell in the first eleven days it becomes available to investors. For the first eleven days HUD homes are only sold to owner occupant purchasers. When a HUD home is relisted the owner occupant bidding period is reduced to five days. It them becomes available to investors on the sixth day. Also after the initial owner occupant bidding period BIDS ARE OPENED DAILY. Investors have not been able to find many HUD bargains in the past few years. That is not true anymore. Forclosures are on the rise. With gas prices increasing, people moving closer to there jobs, local urban revitalztion, home prices leveling and RENTS INCREASING now is the time to keep you eye open for HUD bargains. Real Estate is still the best investment. If you are an investor or would like to start investing in real estate give me a call 518-265-0401 or send me an email MailTo:RichK@Real-e-SmartRealty.com . We will discuss your investment goals and needs and set up Instant MLS eMail notifications of just listed, relisted and price changed HUD, VA, and bank owned homes and real estate.

This entry was posted on August 29, 2006 at 6:53 am and is filed under HUD homes, Investment properties. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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