A HUD Home Story

A HUD home story...

In the Tallapoosa, Bremen, Buchanan, Waco, area, we don't have a high number of HUD homes come on the market. I sell about two HUD homes per year. I have taken several "how to sell HUD homes" classes, so I know how to sell a HUD home.

Today I closed a HUD home. It had only been under contract for 60 days, but it was a very difficult 60 days.

The home was a good deal-- the client bought a three bedroom, 1.5 bath, 1 acre, 2 car garage, for $27,002.

The only real damage was a missing outside A/C unit...All the other parts were in place underneath the house.

On August 11, during the walk through before closing on August 12, we discovered someone had broken the lock on the crawl space door and cut out the copper lines running from the outside unit to the furnace underneath the house.

A verbal estimate we received was $2000 to replace these lines.

HUD was alerted, the buyer refused to close, and I lost the HUD selling bonus.

Fast forward to today...the buyer closes with an $80 credit toward the vadalism.

A word to HUD buyers...or any buyer...vandalism happens, especially in today's real estate world.

Is it really worth it to fight a battle that will cost you money even if you win?