Half-Price homes for Teachers & Law Enforcement Officers
Did you know that there is a HUD (U.S. Department of Housing and
Urban Development) program available to teachers and law
enforcement officers to purchase homes for half-price?!
The "Teacher Next Door" and "Officer Next Door" programs can be
a great help for people in the teaching and law enforcement
professions. There are some hoops to jump through and some
restrictions such as:
* Homes must be in designated redevelopment areas
* You must live in the home for 3 years to get the full price
reduction
* You have to bid on and win a home using an Internet-based
bidding system
* Your contract has to be submitted immediately after winning a
bid
* You must pay your real estate agent yourself, HUD doesn't
compensate your agent the way most typical sellers do
I have gone through the process before and understand how it
works and if you can benefit from either program. Contact me if
you want to learn more.