OfflineI found a property that I found for me & my elderly brothers. It is a HUD home. The asking price in 189.900. I have 2 offers in mind. Both offers are low. But 1 is about 50%off the asking price. Now the FMV is 216k. Now I want to be aggressive here. My First Offer will be 97900. Now I know the previous owners abandoned or walked away from the property. bank took over. been over 5 mos just sitting there. The house is 4 bd 3 ba with loft sits .87 acre land on mountain that is by the Carson River. this house is cool 1968 it was built. Has a shale roof (concrete looking). This is a perfect house because I want to buy a house to where anymore of family needs a roof when they have problems? this house fits the bill. I know there are cheaper houses. but not at 2300 sq ft. I dont have a lot of down payment monies. But this is a HUD home so 3.5% I do have. Should look for a mortgage broker for this one? or my Credit Union? I have been pre-qual'd at my Credit Union for about 150k. But I dont want to blow this deal. Any suggestions to proceed with this deal?
Roland V Gomes
Hud prices are usually reduced by 15% - 20% and once they know its owner occupier, the house is yours. Bcos they what to fend investors as much as possible. Talk to the realtor helping you with it; to bid for you as a first time home buyer that will do the trick but dont over lower the bid.
Hud prices are usually reduced by 15% - 20% and once they know its owner occupier, the house is yours. Bcos they what to fend investors as much as possible. Talk to the realtor helping you with it; to bid for you as a first time home buyer that will do the trick but dont over lower the bid.