Hud homes in my opinion is the best type of home to buy if you want to buy resale and have equity in your new home. If you go to www.southwestalliance.com you can read on the procedure that Hud follows. Hud is a government entity so rules are followed to the “t”. There are standard forms and all signatures and dates must be in blue ink.
Clients often ask me if they can bid lower than the requested sales price. I say, “yes,” but how bad do you want the house? You see you can bid lower than the asking price, but keep in mind that there are a lot of buyers. After I’ve shown a buyer 3 or 4 Huds and they lose the bids, they decide to quit low-balling in order to win.
When are Hud homes released on the market? Click on Hud and I will explain how to use the search form.