Homes in Maryland, DC and Virginia
Investors and First Time Homebuyers
Government Owned Homes |
| The Department of Housing and Urban Development, and The Department of Veterans Affairs have homes for sale at reduced prices in the Southern Maryland area. We are Buyers Agents for these homes. If you are in a hurry to search the available properties in Southern Maryland Click Here or (or scroll to the bottom of this page).
VA Homes VA homes are first offered in what is called a "Simultaneous Bid Period". Properties shown subject to a simultaneous bid period are new listings & properties that have never before been listed or that have had a price adjustment. During the Simultaneous Bid Period, all offers are considered to be received at the same time. No offers will be reviewed until the end of the specified period. In other words, an offer received on the first of the month will receive equal consideration to an offer received on the 5th. This period usually lasts only 5 days. If no acceptable offer is received for a home during this period, the property is placed on the "First-Come/First-Served" list. When properties reach this list, the bids are reviewed daily, and sold to the first person with an acceptable offer. If you see a VA property on our web site where the Simultaneous Bid Period has passed, please call us to see if the property is available on the First Come list. We will update these listings twice a month, on the 1st and 15th. All VA homes are offered to owner occupants and investors. Please note: All VA homes are previously occupied properties with no warranties, expressed or implied, or any kind of promise for corrective work to be done at a later date. VA homes are sold "as-is." HUD Homes Most HUD Homes are initially offered on a priority basis to owner occupant purchasers (people who are buying the home as their primary residence). Following the priority period, unsold properties are then available to all buyers, including investors. HUD Homes are sold "as-is," without warranty. That means that HUD will not pay to correct any problems. But even if a HUD Home needs fixing up - and not all of them do - it can be a real bargain! For example, HUD's asking price on the home will reflect the fact that the buyer will have to invest money to make improvements. HUD might offer special incentives such as an allowance to upgrade the property, a moving expense allowance, or a bonus for closing the sale early. And keep in mind that on most sales, the buyer can request HUD to pay all or a portion of the financing and closing costs.
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