Central Ohio Real Estate Cafe'

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How To Purchase A HUD Home...

I have had quite a few calls asking how to buy a HUD home, so in an effort to address those questions I have do decided to do a series on HUD homes. ...

The best place to start the series is at the beginning with:   How To Purchase A HUD Home. 

Step 1.  Work with your lender to find out how much house you can afford.

Step 2.  Find an agent approved to place bids on HUD properties.

Step 3.  Shop for your Home:   Ohio, FL, NJ and NY CLICK HERE....All Others States Click HERE

Step 4.  Work with your agent to submit your offer

Step 5.  Get An Inspection

Step 6.  Shop For Home Owner Insurance

Step 7.  Close on Your New Home

With so many homes going into foreclosure HUD offers tremendous variety for first time buyers and move up buyers alike.

Please check back for the next installment offering a detailed explanation of how HUD's $100 dollar down program works.

I am experienced in successfully selling HUD properties so if you need assistance to purchase or have additional questions about HUD or other real estate concerns, please give me a call at 614-273-6406 or email me at Vanessa.simmons@realliving.com

7 commentsVanessa V. Simmons~Realtor • March 09 2009 07:01AM

Comments

Vannessa... your post are always so good and full of great info thanks for the links and help...peace zane

Posted by Zane Coffin (Geneva Ohio Real Estate Agent) (Century-21 Homestar) about 1 year ago

Zane thanks for the comments and stopping by,  Happy Monday!

Posted by Vanessa V. Simmons~Realtor (Real Living HER) about 1 year ago

Great info Vanessa.  I didn't realize Florida, New York, New Jersey, and Ohio had a different listing page/process.  Always learning something new here.  :)

Posted by Chanda Barrick REALTOR (Indianapolis, Avon, Greenwood) (1st Choice Real Estate Group) about 1 year ago

Chanda, thanks for your comment and for stopping by.  Have a great Day

Posted by Vanessa V. Simmons~Realtor (Real Living HER) about 1 year ago

Great advice - again!  I haven't had to deal with a HUD home yet, but I will definitely keep this for future reference.  Thanks.

Posted by Irene Tron (FC Tucker/1st Team Real Estate in Valparaiso, Indiana) about 1 year ago

Thanks for the coment Irene and thanks for stopping by.

Posted by Vanessa V. Simmons~Realtor (Real Living HER) about 1 year ago

Hello Vanessa,

  As a mortgage lender who works with agents during the process of buying a HUD home, it is extremely apparent that you know all of the steps to follow in an orderly and organized manner.  Unfortunately, many agents & buyers start off on the wrong foot and with HUD, it always leads to disaster.  I like the manner in which you laid out the correct steps.  Working in that manner will always make, what is usually a fairly difficult transaction in working with HUD, a very smooth process.  Very nice job!

Posted by Khash Saghafi Mortgage Loan Officer Cleveland Ohio Mortgages (Crosscountry Mortgage Corporation) about 1 year ago

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