Remember: You Don't Have To Go It Alone .....HUD Pays For Your Representation!
How do I buy a HUD home?
Start by finding a participating real estate agent. A licensed real estate agent must submit your bid for you. Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays. They will be opened the next business day. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours.
What happens after my bid is accepted?
Your real estate agent will help you through the house selection and paperwork process. You'll be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale.
Who pays real estate agent's commissions?
The listing agent's commission is always paid by HUD. HUD will also pay the commission of the selling real estate agent. So there is no reason why you shouldn't be represented by a HUD certified RealNova Associate throughout the entire process.
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HUD - ANOTHER ONE OF AMERICA'S BEST KEPT REAL ESTATE SECRETS​

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