How do I buy a HUD Home?
www.HudFayette.com is the website managed by Sinclair & Associates, a real estate company that specializes in the purchase of HUD homes in every Metro Atlanta County area. Bids to purchase HUD homes must be submitted by real estate agents. These bids to purchase are made during an "bid period," at the end of which the highest reasonable bid will be accepted. If yours is the accepted offer, HUD will contact your real estate agent, typically within 48 hours of acceptance. If no offer is accepted during the initial offer period, new bids can be submitted until the property is sold. Offers can be submitted 365 days a year and are reviewed the following business day. www.HudFayette.com, Metro Atlanta's premier HUD real estate broker Sinclair & Associates, has the experience and expertise to walk you through this process when you purchase a HUD home.
HUD homes are sold as-is. The HUD home you find may need some repair work done (in fact, many do), and although HUD will not pay for repairs or make any warranty on the home, the listing price may reflect that the buyer will need to invest money to repair or upgrade the property. Check with www.HudFayette.com, your Metro Atlanta HUD homes real estate professionals, for details on special offers. It is certainly in your best interest to have a thorough home inspection done prior to making your bid for a HUD home. The agents working for www.HudFayette.com and Sinclair & Associates can refer you to qualified home inspectors when you are purchasing a HUD home in the your area.
Like all home purchases, there are two ways to purchase a HUD home; with cash or by qualifying for a mortgage. There are specific steps to be taken when purchasing a HUD home, and you want to make sure you are working with the knowledgeable HUD real estate agents at www.HudFayette.com throughout the buying process. Should you apply for a mortgage to purchase a HUD home, your mortgage lender will assist you with the lending requirements. Again, your HUD real estate agent at www.HudFayette.com and Sinclair & Associates can point you to a HUD lender who has experience making HUD home loans in your area.
Of course you want to know what HUD homes are available for purchase. We have a comprehensive listing of all of the HUD homes for sale, including photographs, maps, Property Condition Reports and descriptions on our website, www.HudFayette.com. From our website, you can contact your www.HudFayette.com Sinclair & Associates HUD real estate agent to show you a listed home. You can also find links to other useful sources of information, including information on schools, lending programs for HUD home buyers, special HUD homes sales programs for qualified buyers, and more.