Thinking about buying a HUD home? 

HUD-owned homes can be a great opportunity for owner occupants, especially for first-time buyers.  All homes have a property condition report available for review prior to submitting a bid.  In addition, an FHA appraisal as been completed prior to listing the property, and the appraised value is stated on the information page for each property.  Only HUD-registered brokers can submit bids for one of these homes. 

For FHA loans, HUD is offering to perform a Lead Based Paint inspection on properties built prior to 1978, and make up to $4000 in repairs if necessary.  In addition, they will perform a Wood Destroying Organisms inspection, and clear section 1 items, up to $4000.  These two inspections are only available at HUD's cost for FHA loans.  All other loans types can still make any inspections they choose, but any required repairs will be at buyer expense.

For complete information on the HUD program, including property listings, property condition reports, and a list of HUD-registered brokers, go to www.HUDHomeStore.com.  For information on Sales Training for HUD homes, Buyer Outreach Events, or Buyer Information, go to www.HudPemco.com. 

If you have questions about how to view, access, or bid on HUD homes, click HERE for a list of frequently asked questions.

Homebuyers   The NorCal Listing Brokers for Pemco recently had a booth at the Bridal Fair and Expo that was held at Cal Expo on January 8th.  Attendees were able to enter a drawing for a variety of gift baskets and gift cards.  We had a great turnout, and a LOT of interest in HUD homes.  If you missed it, look for our booth at a local Cinco de Mayo celebration.  We are hoping to be in the Yuba Sutter area, as well as the Sacramento area over the Cinco de Mayo weekend.  Watch here for more details.

 Agents come to our HUD Sales Training class on 2/16/12 at 9:00 am.  This will be a hands-on training where you will learn where to find HUD listings, how to write a HUD Sales contract, and how to succeed at selling HUD homes.  Call today for the location and to sign up, 530-743-3333.  This training class will be held at the Sutter Yuba Association of Realtors at 1558 Starr Drive in Yuba City.  Breakfast will be provided!