Benefits of Buying a HUD home

HUD Homes Make It Possible

• Related Articles:
  • What is a HUD Home?
  • Guide to Buying a HUD Home
  • The FHA and VA loan process
  • Benefits of Buying a HUD home
  • Why an FHA loan?
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There are a number of benefits to purchasing a HUD home. Aside from the obvious benefits to the lender, HUD homes present a number of opportunities and advantages to the potential homebuyer.

• HUD houses are affordable. At far lower prices than average real estate, HUD homes can be real values for first time home buyers, home investors and more. With a HUD home, many of the more complicated and costly legal affairs have been taken care of, leaving a clean slate for the homebuyer.
  
• HUD homes are sold “as is” and may require some repair. This is actually a benefit, however, as the price often takes potential repairs into account and could lead to an extraordinary bargain if handled properly. HUD even offers allowances to upgrade the property on occasion.  Be sure to take advantage of a good-faith estimate on HUD home repairs whenever possible.
  
• HUD frequently offers special incentives. In addition to the property upgrade incentive already mentioned, HUD has been known to provide moving expense allowances, bonuses for closing a sale early, and even a possible 50% discount for teachers and law enforcement officers in certain situations.
  
• In addition to the fees and costs saved elsewhere, the home buyer can also request that HUD pay all or part of the financing and closing costs on the property — potentially saving thousands!
  
• HUD houses offer convenient bidding. Bids can be submitted one day and will be opened the next day. The homebuyer will be notified of an accepted bid within 48 hours.
  
• As if all the fees and costs covered by HUD weren’t enough, it also covers the listing agent’s commission up to 6% — one less worry for the homebuyer!
  
• Get into your home sooner! HUD will allow a faster move in date if the home is eligible for a FHA-insured mortgage loan.
  

With all of these incentives for purchasing a HUD foreclosure, how can you say no? While you would otherwise have to call a local real estate agent or authorized HUD broker to find HUD homes for sale, Foreclosure Fetcher presents them to you in up-to-date, customizable real estate listings. Sign up now and let us help you find the HUD home you’re looking for in the area you want at a price you can afford.

Other Articles on HUD Homes & Other Government Properties

What is a HUD Home?

HUD houses are often the perfect solution for low income housing needs... read more

Guide to Buying a HUD Home

At far lower prices than average real estate, HUD homes can be real values for first time home buyers, investors, and more... read more

The FHA and VA loan process

Both FHA and VA loans are ways in which the government helps people to secure affordable housing while helping the lenders maintain secure home loans read more

Benefits of Buying a HUD home

Aside from the obvious benefits to the lender, HUD homes present a number of opportunities and advantages to the potential homebuyer. read more

Why an FHA loan?

There are a number of home buyers who don't understand the benefits associated with asking their lender for an FHA loan... read more