Many times as a Registered HUD buyer's agent I get asked the following questions:
1. What Are HUD homes? Are they a good Deal? Answer: HUD homes can be a very good deal. HUD homes are homes that were bought with an FHA insured Mortgage and after Foreclosed; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible. Read all about buying a HUD home. Check our listings of HUD homes and homes being sold by other federal agencies.
2. Why should I buy, instead of rent? Answer: A home is an investment. When you rent, the money goes to pay the Landlords Mortgage payment. But when you own your home, the loan interest can be deducted in your taxes,this will save you a lot each year. The home is yours and you can enjoy when the equity goes up. Over all home ownership is fantastic! You can also deduct the property taxes you pay as a homeowner. Finally, this is your home and you can do and have it any way you like to decorate it and fix it.
3. Can I become a home buyer or do I need anything special to buy a HUD Home? Answer: First of all you need to make sure you Qualify for a loan, for that you need to look for a good lender that knows the HUD process very well, if you don't know one we are more than happy to refer you to any of the lenders that we use to make your qualification process smooth. Also you need to look for an Realtor like us www.SanDiegoHouseShop.com our Team is Registered with HUD so we are able to help you better, we understand the HUD process very well from beginning to end and we make the Buying process a very pleasant experience.
4. Once I am Qualified with a loan what is next? Answer: We need to see all the HUD available properties, then after you chose which is the properties you like we go see them, put an offer in the one you like and then once you are accepted we go into escrow and in around 45-60 days we close. As simple as that
Keller Williams Realty 2371 Fenton Street, Suite 3 Chula Vista, CA 91914