Buying HUD Houses

FAQ's

How Do I Buy a HUD Home?

When a HUD home becomes available for sale, it is listed on the HUD Home Store site, but you can easily search for them, as well as receive notifications of when new HUD homes hit the market, using our site, StLouisRealEstateSearch.com.  We can then show you the property and submit an offer on your behalf.

Can Investors Buy HUD Homes?

The short answer is "yes", generally.  However, in most cases, buyers that plan to occupy the home as a residence are given first shot at buying HUD homes.  See below about the HUD time periods.

Will HUD Make Repairs To The Home I Buy?

No.  HUD Homes are sold in their "as-is" condition. HUD does not warrant the condition of its properties and will not pay for the correction of defects or repairs. 

What Is The Difference Between the Exclusive Time Period and Extended Time Period I See On The HUD Listing?

The Exclusive Listing Period is a 15 calendar day period for properties marketed as “Insured” and “Insured with Escrow.”  For a property marketed as “Uninsured” the exclusive listing period is 5 calendar days.

• During this period the only buyers that can bid are qualified government entities, HUD-approved nonprofits organizations and owner occupants. 

The Extended Listing Period is a total of 180 days for all properties and begins after the exclusive listing period ends.

• During this period all buyers, including investors, are eligible to bid.

For more information on HUD's timelines, including exclusive time period and extended listing period, see HUD Notice H 2013-29 below.