6 Tips to Sell Your Home Fast
March 14, 2024
6 Tips to Sell Your Home Fast 1. Find the Right Real Estate AgentIf you want to sell your home fast, the first step is to hire a real estate agent. The ideal person will know the local market and have a sales record that proves they know how to sell. Keep in mind the seller is often responsible ...
In Case You Missed It: Forbes Magazine Highlights the Four Women Leading HUD, the FHA, Ginnie Mae, and FHFA
May 05, 2023
HUD No. 23-090HUD Public Affairs(202) 708-0685FOR RELEASEWednesdayMay 3, 2023Last week, Forbes Magazine highlighted that for the first time in history, four women are at the mantle of the U.S. Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Ginnie Mae, and Federal Housing Finance Agency (FHFA).In their Cover Story, linked and pasted below, the leading ...
What is a HUD home?
July 28, 2022
What exactly is a HUD owned home and how can I purchase one? A HUD home is a house that has been foreclosed on that had buyers that originally used FHA insured financing to purchase the property. The homeowner could not make the payments for whatever reasons and the lender was forced to foreclose on the house. HUD ...
FEDERAL HOUSING ADMINISTRATION EXPANDS MORTGAGE ELIGIBILITY FOR BORROWERS PREVIOUSLY AFFECTED BY COVID-19
July 11, 2022
HUD No. 22-129HUD Public Affairs(202) 708-0685FOR RELEASEThursdayJuly 7, 2022FEDERAL HOUSING ADMINISTRATION EXPANDS MORTGAGE ELIGIBILITY FOR BORROWERS PREVIOUSLY AFFECTED BY COVID-19Updated guidance issued today provides new flexibility for lenders when calculating “effective income” for borrowers with previous employment gaps or loss of income due to a COVID-19 economic event.WASHINGTON, D.C. - The Federal Housing Administration (FHA) announced ...
HUD ANNOUNCES FIRST-EVER HUD-HELD SINGLE FAMILY NOTE SALE (HVLS 2022-2) EXCLUSIVELY FOR MISSION-DRIVEN NON-PROFITS AND UNITS OF STATE AND LOCAL GOVERNMENT
April 18, 2022
HUD No. 22-065HUD Public Affairs(202) 708-0685FOR RELEASETuesdayApril 12, 2022June 8 competitive bid sale of approximately 1,450 vacant property notes furthers Biden-Harris Administration objectives to return more properties to future owner-occupancy.WASHINGTON - The U.S. Department of Housing and Urban Development’s Office of Asset Sales announced on Tuesday that it will conduct a competitive bid HUD-held vacant ...
Tips for Buying in a Tight Market
April 12, 2022
Tips for Buying in a Tight Market 1) Determine and stick to a budget 2) Identify desired neighborhoods and home wants vs needs 3) Be ready to make a decision quickly on a home 4) Bid competitively 5) Work with a REALTOR to assist you in the buying process ...
7 Mistakes Made by Agents Selling HUD-Owned Homes
March 31, 2022
Keep your buyers happy and close in a timely manner by avoiding these pitfalls! Here are the seven common mistakes we see when selling HUD homes. Submitting an offer using a local purchase contractAll is done via www.HUDhomestore.com, and HUD has its contract and addendums. Get registered on the site!Asking a listing broker ...
Protect Your Investment, Know Your Contractor
February 15, 2022
In this current marketplace, many homeowners are looking to maximize value during a time where home prices and the demand for homes are at an all-time high. Add to that, inflation has ensured that the cost of materials will be very high as well. So if you decide to update your home to maximize your potential return ...
HUD KEYS and why you can't have them
January 12, 2022
Hud Keys and Why You Cannot Have Them.Hud keys have never been given out at closing. EVER. And they never will be. Hud Keys are a secure key system, designed to keep everyone safe. The Contractors, Realtors, HUD Staff are moving in and out of these homes every day. We keep these key ...
Available HUD Home In Bloomfield Twp. MI
October 14, 2021
HUD Home. Cozy brick ranch nestled on a great lot featuring a nice size eat in kitchen with plenty of cabinet space. A great family room with a natural wood burning fireplace and sliding door to the patio area overlooking the back yard. Master bedroom with full bath, attached garage and much more. With 3 bedrooms, 2 full ...
Steps To Purchasing A HUD Home
September 13, 2021
Thinking of purchasing a HUD Home? Here are a few key steps to get you started. Get a mortgage pre-approval if you are financing the home. Speak to your local bank or mortgage broker and let them know you would like to purchase a HUD Home, they will let you know what the best type of ...
Tips for Listing HUD Homes
August 11, 2021
TIPS FOR LISTING HUD HOMES When writing the property description, it’s tough to make another three-bedroom, two bath house stand out ...
Top 4 Questions Asked About HUD Homes
August 10, 2021
Everyday we get calls and emails regarding HUD Homes. Here are the top 4 questions we are asked. 1. What Is A HUD Home?The HUD Homes we sell are homes the previous owner had an FHA mortgage on, HUD backed that mortgage. So when the owner defaulted on the mortgage, it becomes a HUD Home.2. ...
Why Are Some Realtors Reluctant To Sell HUD HOMES?
July 27, 2021
Why are some Realtors reluctant to sell Hud Homes?It has come to my attention that some Realtors are afraid to sell HUD Homes, because they don’t understand how the process works, and cannot answer the clients questions, so they refer these buyers out to other Realtors. These properties should not strike fear in a Realtor. ...
How are Charlotte HUD Homes Sold?
June 12, 2021
Post by: Nancy Braun, Showcase Realty HUD homes are sold based on fair market value, which attracts both owner-occupants and investors alike. These properties are perfect for buyers who wish to move or invest in Charlotte NC. Through HUD, homebuyers have access to quality housing options but with affordable mortgages. Investors, on the other hand, can ...
How Do I Find The Right HUD Home For Me?
March 13, 2021
Post by: Nancy Braun, Showcase Realty Here Are Some Tips On How To Secure The HUD Home That Is Right For You Choosing the place you are going to call home is a big decision to make, and not one to take lightly. HUD homes are a popular choice, especially for first-time homebuyers. This is not surprising because ...
The Women in Real Estate: Sabriya Scott, from being a Hairstylist to Realtor
March 08, 2021
According to the NAR Member Profile highlights 2020, 64% of all realtors were women and nationwide they dominate the residential real estate market. Women have come so far in terms of making a house more than just a HOME. On International Women's Day, we are celebrating the women in real estate and their contributions to the community they ...
Simple Tips to Recall When Buying a HUD Home
March 02, 2021
HUD is one of the most transparent sellers in today's housing. HUD Home's can be in any price range and and in condition. These are some simple things to recall when looking to buy a HUD Home.1) The listing agent has never met the former owner. Therefore knows nothing about them.2) ...
How to Fix Up Your HUD Home in Charlotte
February 03, 2021
Post by: Nancy Braun, Showcase Realty How your home looks after getting it renovated dictates the difference between a good or bad HUD home deal. This is true whether you bought the house to live in, or as an investment.Repairing a newly-bought foreclosed home could pose as quite a challenge. HUD homes are sold “as-is”, and ...
Why are HUD Homes Good Investment Options?
January 09, 2021
Post by: Nancy Braun, Showcase RealtyWhy are HUD Homes Good Investment Options?Everyone wants the best deal possible when it comes to investment. That makes it easy to see why a lot of property buyers invest in HUD homes. These foreclosed homes offer a lot of unique benefits, especially for first-time investors.Here are some reasons why HUD ...
Buying a HUD Owned Home During COVID-19
December 17, 2020
With COVID-19 it is a little more challenging buying a home. The good news is HUD owned homes are vacant, secure and easy to see with a little help of the listing agent. Be sure to reach out to the agent for how you can view the property comfortably. Many offer virutual tours, even live tours, so you can ...
Renting vs. buying a home: Which is right for you?
November 16, 2020
By Jennifer Bradley Franklin Renting vs. buying a home is a big decision, and there are pros and cons to each option. In recent years, a higher percentage of U.S. households were renting than at any point since 1965, according to a Pew Research Center report.Renting vs. buying PROSCONSBuying• May build equity and credit• No landlord ...
3 Things You Want To Know Before Buying A Home This Fall
November 12, 2020
If you are planning to become a homeowner this year, these three facts about fall real estate will help you make an informed decision.Image by Jens Neumann from Pixabay 1. Price Fluctuations. Zillow reports show that around the same time last year, there is a 4.1% increase in the median home value in the USA. With ...
HUD Home Purchases
October 04, 2020
HUD home purchases have become more streamlined with the e-signature process. This has made it easier for both the purchaser and the Realtor working on the transaction. It has eliminated a great deal of stressors.The asset manager will prepare the documents, with a little assistance of the agent representing the buyer. Once ready, it is sent out ...
