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Evaluating HUD Properties

All HUD foreclosure homes are sold “as-is.” However, potential bidders are given ample opportunity to evaluate the condition of these properties. Whenever HUD lists a foreclosure home online, it also includes a property condition report in PDF. The reports tend to be extremely detailed and list problems with the property such as damaged roofs, removed appliances, and plumbing problems.

In addition to the report, buyers can walk through the properties with their agent before placing a bid. Once a bid is placed, the accepted bidder is encouraged to hire a professional inspector to look for issues such as radon gas.

To learn more about analyzing these foreclosure homes, check out our detailed article: How to Evaluate HUD Properties.

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