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HUD Homes “Exclusive Listing Periods” . . . What A Buyer Needs To Know

May 06

filed under: Buying A Home, Foreclosures & Short Sales, Real Estate

Exclusive IE HUD Listing, 1335 SF $69,000

"Exclusive" IE HUD Listing Till 5/5/2011, 1335 SF $69,000

In my last post in this series about buying a HUD home, I went over the four types of  HUD homes and how they can affect the type of financing a non-cash buyer will need. I now want to cover what is referred to as  “Exclusive Listing Periods “, what it is and where the four types of HUD homes “FHA” insurability”  fall into these Read the rest of this entry »

Written by Howard Harris

There Are Four Types Of HUD Homes . . What Does That Mean To A Buyer

Apr 29

filed under: Buying A Home, Foreclosures & Short Sales, Real Estate

3822 W. Marconi, Phoenix 1491 SF, $68,400 HUD Type IE

3822 W. Marconi, Phoenix 1491 SF, $68,400 HUD Type IE

In my first post HUD Homes Are Hot. . What Are They? you learned some basics about HUD homes. If you have not had a chance to read the post, I recommend you do so before reading this one to avoid rampant confusion while reading this post. Yes there are four types of  HUD properties and you need to know about them if you plan on purchasing a HUD home.  The type of HUD property will determine when you can Read the rest of this entry »

Written by Howard Harris

HUD Homes Are Hot. . . But What Are They?

Apr 25

filed under: 2nd Home Buyers, Buying A Home, Foreclosures & Short Sales, Real Estate

1411 W. Libby St. Phoenix, 2324 SF $154,800

1411 W. Libby St. Phoenix, 2324 SF $154,800

If you have been trolling the public real estate sites lately looking at properties have you noticed how many of the listings  are coming up with the words “this is a HUD home” in the listing remarks or description? Here’s the deal,  HUD homes are gaining a lot of traction in the past few months. Often they are lower priced properties and can be purchased at a significantly reduced Read the rest of this entry »

Written by Howard Harris

3.5% Home Buyer Closing Cost Assistance . . Such A Deal But Not For Everyone

Apr 13

filed under: Buying A Home, Foreclosures & Short Sales, Real Estate

3.5% Fannie Mae Homebuyer AssistanceWell what is up with this. Prices are the lowest they have been in a decade in the Phoenix area, interest rates are still low, at least for the time being, and now someone says “we will give you up to 3.5% towards your closing costs”. What’s the catch you ask. Well there really isn’t one, however Read the rest of this entry »

Written by Howard Harris

When Do You Know What Your “Highest And Best” Offer Is?

Mar 30

filed under: Buying A Home, Foreclosures & Short Sales, Real Estate

When Do You Know What Your Highest And Best Offer IsOK so here is the scenario for my most recent multiple offer situation. Property is in Fountain Hills and is listed at $226,710, great location, super lot, views, pool etc. This is a two bedroom, 2 bath, 2233 SF home on an acre lot built in 1980. Sounds pretty good huh, our thoughts exactly along with the swarms of other agents and their clients who were all Read the rest of this entry »

Written by Howard Harris