HUD Homes in Casa Grande, Arizona

HUD Homes in Casa Grande, Arizona

The Casa Grande AZ HUD home inventory is very tight right now, yet very affordable. Many people do not know what a HUD home is, so I am going to give you an example of a HUD home, and explain the basic process of how a HUD property becomes a HUD.

My client bought 1284 E Avenida Isabella Casa Grande, AZ 85122 for $57,601.00 and HUD gave a seller credit to the buyer for $1,728.03 for the buyer’s closing costs fees.

The home’s features include single level, 3 Bedrooms, 1.75 Bathrooms, 1,215 SQFT of livable space, 2 car garage, a private large backyard with a play area for the little ones, a private salt water pool with pebble tec surface, and the home was built in 1994.

A near perfect match Close of Escrow Date: 05/31/2011 sold for $78,000, which is located 1207 E AVENIDA LUNA — Casa Grande, AZ 85122. The question is why would a bank owned home for sale in Casa Grande sale for $78,000 while a near perfect match HUD home for sale in Casa Grande sale for $57,601. This is $20,399 of a difference.

The answer is simple supply and demand, or more so demand. Many buyers do not know what a HUD home is. Not all of the real estate brokers are HUD certified, and far less real estate agents are HUD home specialists. Finally, investors on most of the HUD homes have a waiting period that exceeds the owner occupants waiting period to purchase the HUD property. If you could save over 26% on your next home purchase would you do it if all things were held constant about the home?

Remember a HUD home is physically no different than any other home.