Presently there are 17 HUD Homes for Sale in Gilbert AZ, by way of comparison, there are 250 Bank Owned Homes for Sale in Gilbert AZ. The average sales price of the bank owned homes is $189,622 with an average price per square foot of $88.00 with a average market time of 97 days. Don't let that market time fool you, Bank Owned Homes can take up to 3 weeks to give an answer to the potential home buyer.
HUD Homes have there own set of rules, that is much easier for the home buyer. In the first 72 hours of a Home becoming a HUD Home, they are appraised, inspected and checked/treated for termites. This is a savings of nearly $1,000 to the potential home owner.
Some more helpful hints and tips for the prospective home owner, HUD Homes are not allowed to be bid on by Investors for the first 10 calendar days on the market, why is that important? Becuase you (as a owner occupant) don't have to worry about the Investors coming in and making a full cash offer or over bidding on the home. Owner Occupants also have the luxury of getting approved for my exclusive 1% Total Down Payment Progam! This program is fantastic, It allows the home owner to purchase a home for a mere 1% of the Purchase Price. IE, A Gilbert HUD Home for sale is priced at $150,000, your total down payment is $1,500.
SAVE YOUR HARD EARNED MONEY! If you have Been Approved for an FHA Loan, requiring 3.5% Down, you need to contact me TODAY! Lets get you approved for 1% Down and use that extra money for your closing costs! The next best thing about HUD Homes in Gilbert AZ, you know the very next business day (on most occasions) if the house is yours! Imagine knowing you have a house after only a DAY! Why sit around for 2-3 weeks, watching other houses sell left and right, why you sit and wait!
Chris Dunham, REALTOR®
Licensed in Arizona
Solutions Real Estate
2353 E Baseline Road
Gilbert AZ 85234
Cell: (602) 321-6188