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OMAHA HUD Homes By City Look through the list, if you see a property you are interested in, drive by the home and the area, if you like what you see, then give me call. Some homes look good, but once you drive by the home and the area, it might not be what you expected. If it passes the first two tests, call Steve at 402-689-7550. Remember to look at the BID dates, you don’t want to miss out. Bids must be placed by an Omaha HUD approved agent, which I can do for you. Things you should consider before buying a HUD home. - Owner occupant bids are accepted for 10 days.
- If not sold to an owner occupant bid, they are then opened up to investors daily.
- HUD homes are sold as is with no repairs.
- Buyers can do inspections 15 days after the contract. Utilities can be turned on upon request, after HUD has signed the contract. This can take upwards to two weeks. Note: If there are broken water pipes, they generally will not allow the water to be turned on to prevent water damage. Once you requested the utilities to be turned on, they will only be on for 48 hours and the buyer must pay all the costs to turn on and off, plus provide a deposit to Best Assets.
- HUD performs a home inspection on each home. Be sure to review them closely. They may also do a lead paint inspection. Review them carefully.
- If you are not willing to purchase the home as is, then buying a HUD home is not for you.
- Special 203K financing available on some properties (Contact me for more information)
- $100 Down payment options on FHA insurable properties for owner occupant buyers
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Have a Question about a HUD Home?
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