You might be interested to know that if you're planning on buying real estate in Plano or here in Garland, Texas, you're not solely limited to buying new or resale homes. Some people just can't afford to buy a home that way or aren't sure if they can trust the seller. For these people, the Housing and Urban Development department of the United States Government has devised several solutions to the problem. One of them is the HUD Homestore. For more information about this program and to see whether you qualify, read on.
How the program works is that the Housing and Urban Development department maintains lists of properties that have been acquired in the foreclosure stage and offer them for sale to people who might not otherwise be able to afford a home. The program is nationwide, so whether you're looking for Richmond VA condos or a house here in Garland, the HUD Homestore should be able to help. The homestore is divided by state and the listing prices are much lower than the averages for that area, some of them even as cheap as a dollar.
It sounds like a great way to get a bargain on a house, but of course only certain people qualify. You have to have a valid social insurance number and have a real estate agent or broker to make the offers on the Arlington real estate for you. Eligible groups include owner-occupants (people who are going to live in the house), Good Neighbors Next Door (cops, teachers, and the like moving into areas being revitalized), nonprofit groups who rehabilitate and resell homes to the underprivileged, government agencies, and investors (but only if no one else wants the home). You can only buy a HUD home once every two years.
To find out if there are any Spokane, WA homes in the area you're looking for, you can run a homestore search. You can search by address, by number of bedrooms or bathrooms, by price range, by property type, by your buyer classification, or by property status. However, you can only look unless you're represented by a qualified realtor. To find one near you, contact the nearest HUD office. There are offices in Dallas, Houston, Lubbock, Fort Worth, and San Antonio.
There are several different types of listings on the homestore. Lottery homes are only listed on the website for seven days and are always in an area in need of revitalization. Exclusive listings are for Pleasant Valley NY homes in any type of area that are insured, and they last for 30 days. Extended listings last 180 days and are for homes that haven't sold as extended or lottery listings, and if they remain unsold after that period they revert to dollar listings for ten days.
|