Advantages in purchasing a HUD home?

1) Qualified buyers can obtain a FHA loan

2) HUD will pay 3% of the closing costs. 

3) NO COMPETITION FROM INVESTORS During the first 30 days of the listing only owner occupants are allowed to enter a bid eliminating competition from investors. After the first 10 period any bids are reviewed.

4) NO WAITING FOR ANSWER If a satisfactory bid was not entered during the first 10 days, any bidders thereafter will be notified the following day after placing a bid if it was accepted.

4) FHA Renovation loans are available on homes that require fix up.

5) HUD does an appraisal before listing the property which is available to a potential buyer.