HUD
In Pursuit of a Winning Bid For the last eight months I have been working with a first time home buyer in the $80,000 price range. Based on her criteria, the area she wanted to live and price of the average home in the area, we knew it wouldn’t be an easy search. Not difficult, just not easy! Still, we were able to find homes she liked and made a few offers. One HUD owned home we lost by about $250.00. A couple of bank owned homes needed too much work; a few short sale homes we never received an...
HUD Homes are a Good Value HUD homes in Indianapolis generally represent a great value for the home buyer’s. Since the inception of the $8000 tax credit for first time home buyers, HUD owned homes have literally been “flying off the MLS active list”, with many being sold in the first ten days. As we near the end of the time frame for first time home buyers to receive the tax credit, REALTORS® in Indianapolis are witnessing a surge in activity and prices of HUD homes. Why the sudden interest in HUD homes? Although HUD doesn’t go in and repair...
