As of this writing, there are only seven properties in Mesa County available for sale from the U.S. Department of Housing and Urban Development, but that number changes often.
Prospective home buyers interested in HUD properties can sign up to receive e-mail alerts from the Web site located at www.HUDHOMESTORE.com. Apps for iPhones and Android phones are available.
It’s possible to search for HUD homes by street addresses, county, city, state or ZIP code. Results can be further filtered by price range and the number of bedrooms and bathrooms. The apps also offer slide shows and the ability to share information about properties with family and friends The answers for most questions about HUD homes can be found online at the Web site at www.HUDHOMESTORE.com by clicking on the resources link found at the bottom of the page.
To place an offer on a HUD home, a prospective home buyer must use a HUD registered selling broker to place the bid. Remember, you must contact a licensed real estate broker to visit the property and he or she must be present at all showings and inspections. Home buyers who don’t plan to occupy the property as their primary residence are investors and may only bid on the 16th day after the property has been made available for bidding.
For HUD homes in need of repairs, improvements or upgrades, financing could be available from a Federal Housing Administration 203K rehabilitation loan.
This article was submitted by Ben Hill, owner of Hill & Homes in Grand Junction.