Drake Realty, Inc.'s (drakehudhomes) Blog

Don't let your home buyer miss out on the opportunity to get a great deal on a HUD home.  Right now PEMCO is encouraging all bids for old inventory.  How do you know if inventory is old?  This is the question I get all the time and it is very easy to tell.   First visit HUDHOMESTORE.com and find ...

I continue to hear some horror stories of transactions that almost don't close because the listing broker has checked out of the transaction.  This is a common complaint that I hear particularly around bank owned homes but I rarely hear this when someone is involved in a transaction that involves...

Are you still hesitant to delve into the world of HUD homes?  If so, call me and ask me any question you have.  I think this is the best option out there for a home owner.  Have you taken a look at the average HUD home?  It is usually in pretty good condition, has had a good inspection and the bu...

A HUD LLB or Local Listing Broker is charged with the duty to assist other agents when inquiring on their listing or other HUD homes.  They should be the first call an agent makes when they have a question regarding a HUD home.  They have tremendous knowledge regarding these homes and more import...

I am often amazed at how many agents do not search the HUD listings when looking for properties for their clients. I have asked many these last few months why they do not think of looking at a HUD home first. I have gotten varied responses from, "My client is not interested in a HUD home", "They ...

Why should first time buyers look at HUD homes?  A HUD home has so much to offer to a first time home buyer and as a first time home buyer FHA financing is one of the best options available.  With a HUD home, you can put as little as $100 down to purchase the home if using FHA insured financing. ...

When showing one of our HUD listings on the first day of the year I was surprised by some of the questions this buyer was asking.  This was a young couple looking to purchase their first home, a huge decision for anyone.  They have been tentaively thinking about this and had begun to do some rese...

HUD homes are everywhere and have in the past been quickly bought up by investors.  Why would an investor buy a HUD home?  Because they offer a value that cannot be matched!  Now is a great time for an owner-occupant buyer to purchase a HUD home.  HUD is now keeping the first 30 days of a listing...