A. Some are, most aren’t. HUD properties usually are priced at or near FMV even though considerable fixup is often needed. Every now and then you will find a HUD property with an asking price at a level that will be profitable for the investor.
I met a realtor the other day and she said I should look into HUD properties. She gave me a list of properties to “bid” on. Some look pretty promising but it seems like this market might be saturated. If I have this list, how many people like me do as well?
Posted by Ron (MD) on February 16, 2002 at 14:44:10:
…that she gets a 5% commission on HUD properties, compared to 3 or 3.5 on others? That’s one reason realtors sometimes push them.
I agree with Dave, HUD properties tend to be overpriced. Other investors know they are listed and, in fact, they often have their own HUD keys that allow them to easily inspect them without dragging along their realtor.