@Adrian Stuart Real Estate Brokerage Firms have to set up their registration to be HUD bidders. Licensed agents have to go in and set up their bidder accounts based on their brokers codes. The process takes less than 5 minutes and agents are doing themselves a serious disservice if they don't take the time to register for bidder capabilities for their clients. In my experience, HUD bids/contracts for Georgia are much easier and straightforward than other auction sites and standard retail purchases for investors.
@Adrian Stuart Where in NJ?
One thing to keep in mind....are you going to be an owner/occupant or investor bidder?
Is the home in the Exclusive period or open to all bidders?
Do you know in this area if investors can bid, or do most of the HUD homes go to owner occupants? Here in my area there are very few HUD homes any more and most of them get sold to Owner Occupants, so not much of an option for Investors.
@Deborah Gilbreath Thank you! I basically just had to have them ask their broker, and it was all sorted out and we're just waiting to hear back now!
@Bruce Lynn Newark area. This is going to be my first property, so I'm looking to house hack as an owner occupant, but yeah, all the listings are in their exclusive period. I just assume that as soon as a listing becomes open to investors, one's already been staking the place out for the entire exclusive period and just snatches it as soon as they can.
Yes @Bruce Lynn , I stalk them for weeks and then pounce! =) I really do. I'm not in your area though. I want to house hack, but my husband doesn't want to downsize. We're in Texas were the homes are huge for the price. Best of luck!
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