(Closed) HUD home advice

posted 5 years ago in Home
Post # 3
1406 posts
Bumble bee
  • Wedding: November 2013

pay for an inspection that way you know exactly what youre getting. 


Post # 4
10366 posts
Sugar Beekeeper
  • Wedding: September 2010

@lightmist:  Ditto. Get an inspection. What do you mean by not being able to see if certain things work?

Post # 7
436 posts
Helper bee
  • Wedding: January 2010

@MrsRose: The reason for that is because the electric, water, etc are shut off because nobody is living in it.


You can generally get a HUD home much cheaper than it’s worth but getting a mortage  on it can be difficult. 


What type of mortgage are you planning on?


Foundation, and leakage in the basement are very important. My Darling Husband are in realestate and flip house… anything else can be fixed rather easily but those things are a pain.

Also, is it septic or sewer

Post # 8
1724 posts
Bumble bee
  • Wedding: March 1998

The water and electricity are often off in HUD homes (I live in an area where there are plenty of foreclosures) – many are winterized (and there will be warnings on the appliances, usually. Take a look at the toilet bowl, and there’s usually plastic film over it along with a notice).

I’d say – look under the sinks for any signs of water damage. It should be very obvious if you’re noting decay or staining below the pipes. I suggest looking around the toilet as well – see any weak spots? When it comes to electricity, honestly, I don’t know much to look out for.

Take a look at the furnace and hot water tank and their dates. Often in HUD homes, the water tank needs to be replaced soon after moving in (winterizing can have bad effects, as far as I have heard from contractors). Most water tanks last at least 5 years – look for any signs of corrosion on the tank. Most furnaces last about 10 years, maybe longer. Of course, these are general ballparks. The house we’re moving into has a 20-year-old furnace that’s working fine.

The “as-is” home sales can be tricky. We have a conventional loan, and we looked at one house that was missing stairs. Our realtor told us the deal was very unlikely to go through since we weren’t cash buyers. Because it’s an as-is sale and fixes can’t be made – and we obviously can’t fix anything before taking ownership – it makes it a lot harder for the sale to go through.

Does your realtor have any background experience in contracting or construction? That can help a lot. Ours was a contractor and professionally flipped houses for more than 30 years. Your realtor will often be able to help you point out more in the house.

Post # 9
106 posts
Blushing bee
  • Wedding: April 2014

I had to pay for the utilities before I closed on my HUD home. The reason for this was specifically for the inspection, and my inspection was EXTREMELY thorough. I mean, every nook and cranny of my home was carefully looked at. I was fine with the outcome of the inspection, but if they would have found something that I would not be OK with, I would have had the option to back out of the deal. 

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