Why Buy a HUD Home?

You may ask yourself, "why purchase a HUD home? What are the benefits?"  First, lets go over a few of the good reasons to buy a home in the first place:

• Purchasing your own home is an investment.
• Mortgage loan interest is tax deductible
• Property tax payments are tax deductible (that's two tax breaks!)
• The resale or equity value of your home may go up over the years
• You'll enjoy having something that's all yours - your home's personal style reflects who you are.

Maybe you are already sold on the idea of purchasing your own home so really, what is so great about buying a HUD home?

• There are lots of HUD homes available in Tucson and the surrounding area.  More homes means more choice and a better chance of finding one you want to call home.

• Prices are good, HUD homes tend to be good deals in most neighborhoods.

• Owner Occupants have priority.  If you are planning on living in the home, you are an owner occupant and your offer will be considered before the offers of investors and second-home buyers.

• HUD pays closing costs. That's right!  For this reason, HUD homes can be more affordable than traditional purchases.

BethAnne King

Realtor ®

1st Heritage Realty

Mobile: 520-304-1229

Office: 520-881-8110

5501 N Swan Rd #231

Tucson AZ 85718

www.BethAnne.SearchHomesinTucson.com

  

How Do I Find Out About HUD Homes For Sale?

Did you know that HUD publishes a NEW list of homes for sale in Pima county each week?  It comes out on Mondays.  Some of the homes are re-listed.  This can mean that they have had a price reduction, or maybe have been moved from one broker to another.  Most of the homes on the list have just been added to the Tucson Multiple Listing Service.  This list is available to you and it's FREE.  Simply email me, and I will send it to you!


BethAnne King

Realtor ®

1st Heritage Realty

Mobile: 520-304-1229

Office: 520-881-8110

5501 N Swan Rd #231

Tucson AZ 85718

www.TucsonHomesTeam.com

  

What is a HUD Home?

You have probably heard it by now, HUD.  

But what exactly is a HUD home?  First of all, HUD stand for US Department of Housing and Urban Development, and yes, it is a government entity.  How does HUD end up owning real estate?

HUD insures FHA mortgages.  When a homeowner who has used an FHA loan, insured by HUD loses their home to foreclosure, HUD becomes the property owner.  Once the foreclosure process is completed, they will then offer the property for sale to recover their loss.  This applies to residential property with units of 4 or less.  In other words, nothing larger than a 4-plex. 

HUD homes can be, and usually are, a good bargain.  For a list of HUD homes for sale in Tucson AZ and the surrounding area, click here:

HUD Homes for Sale in Tucson

Learn more about HUD homes

HUD Info Website

BethAnne King

Realtor ®

1st Heritage Realty

Mobile: 520-304-1229

Office: 520-881-8110

5501 N Swan Rd #231

Tucson AZ 85718

www.BethAnne.SearchHomesinTucson.com

  

+BethAnne King