Where can I find HUD Homes for sale?
While there are lots of sites popping up to try to sell you this information, there are only two places you need to go: • For homes in North and South Carolina, visit http://www.hmbireo.com which is a free site to search for HUD homes. It is the offical listing of HUD homes and is updated every Friday with new listings • For homes in other states, visit http://www.hud.gov. Your REALTOR may also have access to the HUD listings (I know I do) and I make them available on my website as well for free. Advantages of purchasing a HUD home? There are many advantages to purchasing a HUD home but here are a few. First, HUD will allow the buyer to receive up to 3% in closing costs and your broker a commission of up to 5%. Here in Charlotte, 3% is just about what a typical closing will run with lenders fees, attorneys fees, etc and so there’s very little money required out of pocket. Also, all HUD homes are offered to owner occupants first before investors so you stand a better chance to win the b
