Problems For
Inexperienced Buyers
The main disadvantage with foreclosed
properties as well as HUD homes is that the homes are sold "As Is." This means
let the buyer beware that problems may exist and that the fixing of any problems is the
buyers responsibility.
There are also additional costs incurred by
the buyer in some cases, especially for VA buyers. Most buyers feel more comfortable
having the home inspected before purchasing. The problem with this theory is that the home
is purchased through a bidding system and there is no guarantee that your bid will be the
highest. You run the risk of spending an extra $200 - $300 on a home inspection and then
not getting the property.
If this is done several times it becomes
quite costly, especially considering that many of the homes may not pass inspection at
all. If you are a first time buyer and on a tight budget as far as up front money goes
than buying a HUD home would probably not be the way to go.
[ How Long Does It Take to Buy a Government Owned Home? ]
[ How Much Are Government Owned Homes? ]
[ What is FHA? ]
[ Why Should I Buy a Government Owned Home? ]
[ How do I buy HUD Homes? ]
[ What is HUD? ]
[ What Is a HUD Home? ]
[ What Is HUD's Mission? ]
[ What Does HUD do? ]
[ What are the General Sales Conditions for HUD Homes? ]
[ How Does Government Housing Work? ]
[ How Are HUD Homes Sold? ]
[ How Do I Find Available Government Property? ]
[ Problems For Inexperienced Buyers ]
[ Do I Qualify to Buy a HUD Home? ]
[ Can I rent out my HUD home? ]
[ Back ]
[ Up ]
[ Next ]
| 
