How Do You Buy HUD Foreclosures Cheap?
While most HUD foreclosures are a good deal for the new buyer, a select few are a steal! These HUD homes are “fixer-uppers” that are in need of a lot of repairs. HUD sets the selling price by considering the investment the home buyer will need to make to get the home into livable condition. Read on for how to buy foreclosed homes cheap from the government. Step 1 To find the complete list of HUD foreclosures in your area browse through the state-by-state listings. You can find a link in the Resources Section below. Step 2 On the “Property Search” page click the link “Price Reduced Properties for Sale.” These are the most discounted HUD homes for sale. The “As-is” price is what the home recently appraised for. Step 3 Look for homes that have the biggest difference between the “as-is” price and the “selling price.” HUD homes that are priced significantly below their value are in greatest need of repair. Step 4 Once you find one or more foreclosed homes you’re interested in, contact a loc
