Buyers

What is a HUD home?

A HUD home is a residential, one to four unit property that was acquired by HUD as a result of a foreclosure proceeding on an FHA insured mortgage. All HUD homes are sold on an "as-is" basis, however all buyer's are encouraged to obtain a whole house inspection once your contract has been approved.

Who can purchase a HUD home?

When a HUD home initially comes on the market, priority is given to owner occupant buyers for the first 30 days. That is, if you plan on living in the home as a primary residence-you have priority during this time. After the initial 30 days time period, bidding is open to anyone with a valid social security number or tax id number.

Where do I find HUD homes for sale:

The official website to view all HUD-owned assets is hudhomestore.com.  Waller Real Estate is a Local Listing Broker for Pemco Ltd.; which manages the marketing of HUD owned homes-you can view our HUD listings on our featured page.

I found a home I want to see, now what?

Only broker's that are registered with HUD and have a valid NAID number will be able to show and submit your contract for you. Waller Real Estate, can show and sell HUD owned homes.

Waller Real Estate, over the past 3 years has sold, listed or both over 300 transaction sides involving HUD owned assets. We are clearly the experts in the North State and would be happy to apply our experience to benefit you, the homebuyer. Call us today and ask about the HUD Home Advantage!

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