Episode 11 – What Do You Need to Know About HUD Properties?

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We’re excited to post Episode 11 of Living Long Beach.

It’s a great day because Mark is finally off crutches.

The Long Beach real estate numbers for the week ending October 10th: Active listings: 1349 (1% change). Avg listing price: $432,000. Total properties sold: 33, which is a 22% increase from last week, but still down. Lowest price: $90,000. Highest price: $1,700,000. Average Sell Price: $324,000, which is a 21% decrease from last week. Days on market: 58.

We hope the total amount of homes sold in Long Beach, CA increases soon.

In this episode, we’re going to revisit our discussion about HUD homes and financing companies.

We’re excited to announce that we are going to be one of a handful of local listing brokers who work with HUD and their outsourcing affiliates.

With over 50,000 homes in HUD’s inventory, how are we going to get through these foreclosures?

It’s not easy, but working with a broker who had been granted a NAID number, will help you navigate HUD properties.

What’s the process for buying a HUD Home?

Mark and Adam answer the tough HUD questions.

If you’re looking for a home, you can contact us, or visit http://www.hudhomestore.com to find out more about buying these properties.

Adam’s deal of the day is a single family residence located 236 Nieto Avenue, Belmont Shores, CA. It’s a 2 bedroom, 1 bath REO property, just under 1,000 square feet, that has been on the market for 7 days. The listed at $609,900 by by Mike Williams of Huntington Beach Realty, $609,900.

Mark’s deal of the day is a 2 bedroom 2 bath condo 372 S Miraleste Drive, Unit 395, San Pedro, CA. The condo is approximately 1,100 square feet and it’s listed at $149,900. We’ll have a price in the next few days. It is currently the lowest priced condo in the complex and it’s also in move-in condition.

If you’re interested in more information on either of these deals, contact our office at 562-364-9505.

If you have questions or suggestions, feel free to leave a comment or send us an email at info@livinglongbeach.com

We are also live now on iTunes. You can now subscribe to Living Long Beach.

See you next episode.