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Disclosures When Bidding On A HUD Home
As-Is Sales: HUD Homes are sold "As Is" without warranty.
Irregularities in bids: HUD reserves the right to waive any irregularity in any bid, reject any and all offers, and to withdraw a property prior to the bid opening.
Code and Zoning violations: Properties may contain code and/or zoning violations. Code and Zoning status must be determined by the Purchaser.
Property Condition: No guaranties and/or warranties made. No repairs will be performed by HUD after closing. Purchasers are encouraged to have the properties inspected by a qualified home inspection service company to satisfy themselves as to the condition of the property.
Potential Purchasers: Contact a HUD Approved Broker to obtain a copy of the current listings, to visit listed homes or to make an offer. HUD pays closing cost up to 3% of the purchase price, IF inserted on line 5 of the HUD Sales Contract when the electronic bid is submitted. This request will reduce your bid's net to HUD which may be considered in a competitive bidding situation.
- Frequently Asked Questions About HUD Homes
A list of questions frequently asked about the process of buying or selling a HUD home. See if your question is listed!
- Successfully Selling HUD Homes-Agent Training Offered By Wilmoth Group
The new HUD selling process is different and if you are a Realtor who wants to be able to represent a buyer for a purchase of a HUD home...you need to be informed. Trainings offered monthly.
- Tips For Completing A HUD Sales Contract
The following is a collection of tips and advise to assist agents when completing a HUD Sales Contract (also known as a HUD-9548).
- Bidding On HUD Homes
Learn all about the different property classifications, bidding rules and the process for submitting a bid electronically at HUD HomeStore.com.
- HUD Special Programs
If you are considering purchasing a HUD home, or if you are a Realtor representing a buyer of any kind, you need to know about the special HUD programs.
- Forms You May Need
Here is a list of forms commonly used when documenting a bid or following up on an accepted bid. Includes Utility Activation and De-Winterization Requests.
- Contacts Regarding HUD Sales
Here is a list with different contact information for the Asset Managers, Field Service Managers and Closing Agents serving Indiana and Florida for HUD home sales. Also HUDHomestore.com.
- Resource Center
If you are a buyer or an agent seeking to learn as much as you can about purchasing or selling a HUD home, here is a compilation of additional information you may want to review.
