Once you have chosen an agent and found a list you like, they will begin the bidding process on your behalf. The bid shall be reviewed by a HUD asset supervisor, who can settle for it, decline it, or make a counteroffer. If a bid is profitable, you and your agent might be notified by e mail. Your agent also can see the status of your bid on their HUD Home Store dashboard and walk you through the entire sale course of from start to finish. To buy actual estate owned by HUD, you need to go through a department-approved actual property agent. You can find one by coming into your zip code, city, and state into this tool.
By working with a RE/MAX Advanced Realty staff member, yow will discover out more concerning the home that you just’re thinking about and discover whether or not it’s actually a fantastic value or just a money pit. Also, know that even when a house is in good situation, it may not be eligible for some types of financing. For example, if a home doesn’t have appliances like a stove or fridge, it cannot get a traditional loan. Similarly, if while a …