| HUD Homes in San Antonio Texas |
San Antonio Texas HUD homes
HUD homes is a government program that buy in wholesale bank
foreclosures and sell it to the public with the intention to help First
time buyers in San Antonio Texas. HUD homes also are available for
investors a
fter the initial bid period is over and the house remain in
the market.
Benefits for first time buyers for buying a HUD Home:
HUD homes for the protection of the buyer are pre-inspected:
The report is available in the file of every HUD Home in the market, before bid in a HUD home you can get the conditions report and know in advance information about the conditions.
HUD homes are inspected and treated for termites:
Every HUD home regardless the price, is inspected and if is necessary treated for termites, buyer need to be aware that HUD don't make any repairs, if the house was damage by termites, HUD don't make any repairs.
Lead base paint
Homes build before 1978 are inspected for lead paint, the report is available in the file of every home.
First time buyers need to be aware the possible repairs to be made to the house, HUD don't make any repair or provide any kind of warranty. Before place a bid in a HUD home, consult your expert Realtor®, no all the HUD homes in San Antonio Texas are suitable for first time buyers and many times if you are buying the house using financing by the bank, the bank can reject the home if need to many repairs.
HUD homes are an alternative for the families looking for a affordable homes in San Antonio Texas, to get a HUD home, you must meet with a simple conditions:
1) Be qualify by a lender and have the pre-approved letter
2) If you go to pay in cash, have a letter from the bank to prove you have the funds to buy the HUD Home.
3) Have a valid ID
4) Contact a resisted HUD broker
The process to buy a HUD homes in San Antonio is easy, when the conditions are met, you only need to contact us to show you the house you want and then place the bid. To place the bid you will need have ready the earnest money on the name of US department of HUD, the amount depend on the home price, you need to contact us to know the exact amount ($500 or $1,000)
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Q; Who is a register broker?
A: Is a Real estate broker, authorized by HUD to place bids in your behalf. We have many year wining bids for our HUD home buyers in Texas, no other real estate agent know better HUD homes in San Antonio that us. Our real estate services are free of charge.
Q: What kind of homes in Texas are available
A: HUD homes in Texas are any bank repo home, some times are almost new homes and other times need work (fixer-uppers) you never know what you go to find, our recommendation, is select from the list of HUD homes in the San Antonio area you want and then go a take a close look, select the best match homes for you and call us to go inside, make a list of necessary repairs and decide if this is the right home for you. HUD experts already pre-inspect and make an appraisal of every home in San Antonio purchases by HUD, they make a list of the essential repairs (no cosmetic) and the price is according to the conditions of the property.
Q: There are many bidders for a HUD Home?
Q; Depending on the property price and condition, some times could be up to 30 bidders and some times none. At the present time by the mortgage disaster, there are very few home buyer in the market, the chances to wind a HUD bid are better now.
Q: If I loss a bid I can offer more to get it.
A: Is only one shoot, if you lose a HUD home you need to find another home, some times when the bid winner don't send the necessary documents or is no approved for the loan, the HUD home back to the market. You can use our MLSConnect to keep watching any home in San Antonio and the system can notify you about any change in the MLS in San Antonio.
Q: Can I offer les of the asking price?
A: HUD homes follow a rule, if the price offering is lower that %10 of the asking price, they just ignore the offer, but this a kind of flexible rule and some times they can reject in any range below to the asking price.
Q: What if the house is not sold?
A: The first step is put the HUD home available for investors, then if nobody bid on the house, after 20 days, the lower the price by 10% (times and price can be different)
Q: I'm first time buyer in San Antonio Texas, I will have an special preference to buy a HUD home?
A: HUD give the first option to buy at first time buyer, Fist time buyer is no only the person buying his first home ever, is everybody that at the present time don't own any home, the only restriction is if you bought a HUD home in the last 2 years, you can no buy another HUD home one till 2 year period expired, but you can buy has investor, then is no limit for investor buying HUD homes and you can buy as many houses as you want.
Contact us
(210) 737-1220 office
(210) 737-1217 Fax
| Form to qualify for a HUD Home in Texas |