K.M. Minemier & Associates is a certified Woman Owned Small Business (WOSB) engaged in full service real estate asset management and marketing.

HUD Articles

8 Tips on How to Buy HUD homes

June 28, 2018

 

Tips for buying HUD homes:

  1. Find the right real estate agent. Only real estate agents who are registered with HUD may represent home buyers and investors in the purchase of HUD homes online.  They have to have a special (NAID number).
  2. Inspect the property before making an offer.
  3. Know if it qualifies for your type of loan or have POF in cash to offer.
  4. Have your agent make the offer on your behalf on www.hudhomestore.com .
  5. Complete the electronic contract package.
  6. Prepare for inspections and appraisal. Buyer is required to turn utilities on and off and for all winterization processes. Please note that all repairs must wait to be started until after closing.
  7. Be ready to close on your HUD home. Make sure to have funds ready and avalaible.
  8. Rekey the home once it has closed and funded.

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