Yesterday, I took a class at our local Board of Realtors , "Successfully Selling HUD Homes in Florida." It was very informative and covered the process of how HUD obtains homes, the asset managers in our area and contact information, understanding the contract and bidding process, as well as HUD's special programs. HUD has many Home ownership incentives to purchase a HUD Home in Florida. They have a $100 down FHA program and a Good Neighbor Next Door program. this allows discounts up to 50% for Firefighter's, EMT's, Police, and teachers purchasing homes in urban revitalization areas. To search for HUD properties online, you can access properties on the HUD website. In order to bid on a property, you must use a HUD approved broker with a NAID number.
HUD has a very specific process for submitting offers and contract procedures that have to be followed when purchasing one of their homes. The buyer must be aware of the AS-IS contract and the "no repairs" clause in the contract. Hud favors owner / occupant buyers and gives exclusivity for bidding on the homes for the first 30 days on the market. Finding a HUD home in Florida is easy and FREE when you register on the HUD website.
Are you looking for a home in St.Augustine Florida? Visit my website to view current listings in St.Augustine and St.Johns County.
Click on the Search the mls tab to view homes for sale in St. Augustine. My Watson Realty Corp. office is a HUD registered brokerage and I have been selling real estate in Saint Augustine for 25 years, I would be happy to assist you in your search for a new home in St.Johns County.