I'm strongly considering purchasing a HUD home in NC. I've never looked into this before and have questions. This property is listed as "not insured" but is eligible for 203k financing. Is there a certain amount of rehab I have to commit? The home is in an economically challenged area and home values are lower there than the nearest major cities, Raleigh/Durham. The "as is" price has just been reduced $8K today. Any suggestions on how low to make the bid yet still have it considered?
I'd appreciate any guidance you may have.
I'd appreciate any guidance you may have.
