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Old 10-03-2006, 11:01 PM
Location: Central PA
203 posts, read 1,216,913 times
Reputation: 95



being the a RE contract is 10 pages long- i have a hard time getting the time and attn of a realitor.

i may be up against the clock.

any suggestions?

also im nominating everyone here to help me move. ;-0~
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Old 10-03-2006, 11:11 PM
Location: Springfield, Missouri
2,815 posts, read 12,653,160 times
Reputation: 2000001481
I honestly haven't got a clue what you're trying to say or ask? Would you clarify?
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Old 10-03-2006, 11:22 PM
Location: Central PA
203 posts, read 1,216,913 times
Reputation: 95
how do i bypass a realitor so the seller SEES my offer?

even tho most do duo representation- they seem too lazy to deal with a small buyer like me.
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Old 10-04-2006, 12:28 AM
Location: Newtown Square, PA
179 posts, read 1,031,351 times
Reputation: 62
well you might have a bad realtor. did you sign a contract to work with the realtor. you can tell your realtor that you want to be present when the offer is presented to the sellers they have to tell the sellers agent that, but the sellers agent doesn't have to accept your terms. by law all offers have to be presented to the sellers so the sellers will you see your offer no matter what.
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Old 10-04-2006, 07:05 AM
Location: Central PA
203 posts, read 1,216,913 times
Reputation: 95
my favorite site for teh lastest teck in homes.
I need a agent that can place an offer on HUD homes.

How to Buy a HUD Home and Answers to General Questions
Question 1: What is a "HUD Home"?
Answer: When someone with a HUD insured mortgage cannot meet the payments, the lender forecloses on the home; HUD pays the lender what is owed; and HUD takes ownership of the home. Then we sell it at market value as quickly as possible.
Question 2: Who can buy a HUD home?
Answer: Anyone! If you have the cash or can qualify for a mortgage, you can buy a HUD home. HUD employees and relatives of HUD employees are eligible, but must receive written approval from the Director of HUD's Office of Single Family Asset Management in order to purchase a HUD-owned single-family property. HUD employees should refer to paragraph 10-29C of Handbook 4310.5, REV-2, Property Disposition Handbook-One to Four Family Properties for the exact requirements to purchase a HUD-owned single-family property.
Question 2: Are HUD Homes meant for people with low incomes?
Answer: HUD homes range in price, but most are affordable for low- and moderate-income Americans.
Question 3: Is it true I can get a HUD Home for a dollar?
Answer: No. HUD sells homes at market value - that means that the price is set based on the price of similar homes sold in the area.
Question 4: If the HUD Home needs repairs, will HUD make them?
Answer: HUD Homes are sold "as-is," without warranty. That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up - and not all of them do - it can be a real bargain! For example, HUD's asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance to upgrade the property, a moving expense allowance, or a bonus for closing the sale early. And keep in mind that on most sales, the buyer can request HUD to pay all or a portion of the financing and closing costs. Your real estate agent will have details. We encourage you to get the home professionally inspected before you make an offer so you will know what repairs you may have to make BEFORE you submit your bid.
Question 5: How do I buy a HUD home?
Answer: Start by finding a participating real estate agent. Your real estate agent must submit your bid for you. Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer Period, all offers are opened and, basically, the highest reasonable bid is accepted. If the home isn't sold in the initial Offer Period, you can submit a bid until the home is sold. Bids can be submitted any day of the week, including weekends and holidays. They will be opened the next business day. If your bid is acceptable to HUD, your real estate agent will be notified, usually within 48 hours.
Question 6: If my bid is accepted, then what happens?
Answer: Your real estate agent will help you through the paperwork process. You'll be given a settlement date, normally within 30-60 days, by which you need to arrange financing and close the sale, or forfeit your earnest money deposit, or pay for an extension of your sales contract. We have an excellent booklet to help you understand the settlement process: "Buying Your Home - Settlement Costs and Helpful Information When you buy a HUD Home, the selling agent's commission will be paid by HUD but only if you make this a condition of your offer. HUD always pays the listing agent’s commission. HUD will pay a total sales commission of up to 5%.
Question 7: How can I find out what HUD Homes are for sale?
Answer: Right here! We update our lists of HUD Homes for sale every day. If you see one that interests you, contact one of the real estate agents in your area who shows HUD homes. They can help you from there.
Question 8: How can I get a loan to buy a HUD Home?
Answer: HUD doesn't make loans directly. But we do have a number of mortgage insurance programs that could help you buy a home. You can read about those programs here. Then contact a HUD approved lender, who will take you through the steps and actually make the loan.
Question 9: Can I buy a HUD Home as an investment?
Answer: Most HUD Homes are initially offered on a priority basis to owner occupant purchasers (people who are buying the home as their primary residence). Following the priority period, unsold properties are then available to all buyers, including investors.
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