HUD Homes – The Good Neighbor Next Door Program – 823 Ridingate Farm

Current list Price: $93,000 (50% discount for “GNND” buyers. The $52,000 Price shown in video is the DISCOUNT price, not the actual List Price)

Bedrooms: 3

Bathrooms: 2½

Square Feet: 1,991

Year Built: 2007

Lot size: 5,000 sq. ft.

Disclaimer** –  There was an editing error in this video.  The video shows a LIST PRICE of $52,000, but the ACTUAL List Price is $93,000.  The $52,000 price in the video is the approximate discount price for “GNND” buyers.

If you asked me whether or not Texas real estate is a good investment the simple answer is yes.  With interest rates at their lowest since I’ve been selling real estate, there is no better time to buy.  As a Texas real estate broker, I have sold all types of regular real estate and foreclosures, from county owned tax sales, to bank owned, VA owned, Fannie Mae and Freddie Mac owned, but HUD homes tend to be the easiest and best government owned homes to buy.  Please look over the website for any other HUD Homes that may be in your area, because Texas HUD homes average between 900-1,500 homes on the market every day.

In this post we have a Texas HUD Home at 823 Ridingate Farm, San Antonio TX 78228.  This home is listed as a Good Neighbor Next Door property until 5/10/2o13.  After that period, if no “GNND” buyers submit an offer then the home goes to the general public at the current list price.   “GNND” buyers get a 50% discount off of the List Price, but they must occupy the home for at least 3 years and they cannot have owned a home in the past 12 months.  They must be full time employed Police (or peace officers), Teachers, Firefighters, or EMT’s that service the area.  These are without a doubt the BEST way to buy a home if you can qualify.  There are some nominal fees that get rolled into the loan so you actually end up saving about 40% off of the list price, but that’s better than you’ll find anywhere else out there!  If you’re interested please call us fast though!  There have been some tremendous savings on HUD Homes lately, so if you are looking for a home to live in or some houses to pick up as an investor, now is the time to buy.  All HUD Homes are time sensitive so you need to call me as soon as possible to discuss your buying options.  Did you know that on some HUD Homes, HUD will loan you money to do repairs?  Another neat thing about HUD homes is that  HUD will pay 3% of your closing costs.  Take a look at the video and see what you think, or search my webpage for other Texas HUD homes in your area.  It’s as easy as entering a Zip code in the “Search Site” space to the right of this post.  FHA Case# 495-846834.

HUD Home Listing Link (If the home does not appear on the link it may be under contract)

Jonathan de la Garza – Texas Broker


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