Blue Dot Real Estate is proud to partner with Sage Acquisitions, selling HUD homes across the country. Blue Dot Real Estate and Sage Acquisitions offer decades of industry skills and experience to meet the needs of our government contracting clients efficiently and capably.
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An Agent’s Guide to Selling HUD Homes
Being a partner to making home ownership a reality is an incredibly rewarding aspect of being a real estate professional. With government contracts, reliance on knowledgeable agents increases to meet compliance requirements.
The need for HUD-savvy brokers and agents is increasing, and now is an opportune time to break into this market. HUD-owned properties are FHA foreclosed homes. Brokers who are registered with HUD, who have obtained a NAID – Name Address Identification Number – may show HUD properties and submit offers for buyers. A NAID number may be obtained by visiting HUDHomestore.com. Creating a selling agent account at HUDHomestore.com allows you to become a bidder. Below, we invite you to watch “A Selling Agents Guide to Selling HUD Homes,” where we cover:
- What is FHA?
- FHA Loan Products
- What is a NAID?
- Navigating HUDHomestore.com
- Understanding the Sales Contract
- Good Neighbor Next Door
- Lead Based Paint
In review, Eligible Bidder Categories include:
- Owner Occupants, Nonprofits and Government Agencies Only
- Good Neighbor Next Door Participants Only
- Nonprofits and Government Agencies Only
- All Bidders
“A Selling Agent’s Guide to Selling HUD Homes” also covers the specifics related to Property Condition Codes, Bid Submission Deadlines, Owner Occupant, Property Conditions and Repairs, Buyer, Broker, and Agent Responsibilities, the issue of keys, and many other details agents need to know to begin selling HUD homes. We hope to answer all your questions and this helps you get started on a path to HUD success.
