: If your bid is accepted, you must provide an earnest money deposit—typically between $500 and $2,000—within 48 hours. 5. Inspect and Close
: Ensure your agent has a HUD-issued NAID number, which is required to submit electronic bids. how do i buy a hud home
: You should always hire a professional home inspector within 15 days of your offer being accepted. : If your bid is accepted, you must
: Ensure your contract allows you to back out if the inspection reveals catastrophic issues, though you may risk your earnest money. : If your bid is accepted
: HUD typically pays the agent's commission, so their services are generally free to the buyer. 3. Search for Properties