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- December 1, 2006:
- September 27, 2006: The New Real Estate Agent
- August 29, 2006: HUD homes for investments
- August 6, 2006: 0% Commission Real Estate Agencies and Brokers ???
- July 18, 2006: Why You Should Invest In Real Estate NOW.
- July 18, 2006: Getting Your Home Ready To Sell
- July 3, 2006: Buying HUD Homes
- July 2, 2006: Welcome to my blog site
Archive for the HUD homes Category
HUD homes for investments
August 29, 2006 by RichK.
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.
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Buying HUD Homes
July 3, 2006 by RichK.
One common question I get as a broker is what is a HUD home? The department of Housing and Urban Development(HUD), a branch of the federal government, insures loans made by banks against default. When someone defaults on one of these loans HUD settles with the bank and takes the house back. HUD then resells the house. Thats it. All offers MUST be placed with a licenced HUD registered Real Estate broker. All houses are sold as is. So do your homework. They are first offered to owner occupant purchasers. If no owner occupant bids are received after 11 days it is offered to investors. Some of these homes need a lot of work. Some do not. You can find out more by visiting: http://www.hud.gov/homes/index.cfm
HUD homes are also posted on the MLS. Be the first to see HUD and other listings including bank owned, VA and foreclosed homes. Sign up for this free service here.
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