(If viewing the video on your phone, turn it sideways)
Address Map: 2002 Deer Springs Dr., Kingwood, TX, 77339
List Price: $158,000
Bedrooms: 4
Bathrooms: 2½
Square Feet: 2,047
Year Built: 1979
Lot Size: 11,625 Sq. Ft.
FHA Case# 512-158218
HUD brought back the $100 down payment for owner/occupant buyers using an FHA Loan to buy their homes.
HUD will pay up to 3% of your closing costs if you’re an owner occupant buyer. There have been some huge 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? 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 on the website.
(if the home does not appear on the link, it may be under contract)
** Depending on when you see this video this home (or others on this website) may be Sold, Active, or Pending. To find out the current status please contact me via phone or email. I would love to earn your business.
Jonathan de la Garza – Texas Broker
210-706-0616
** Lot size, tax value or county appraisal figures, and all data are acquired from each county appraisal district website and should be verified by you for accuracy
Thank you for the video. Does HUD ever negotiate on price or is the price firm? I noticed this home is above Tax appraisal. The tax appraisal was lowered 25% both in 2018 and 2019 down to $110K and the HUD price is $158K. Thoughts on this?
Hi Kathy, yes HUD is negotiable on the price, however they do award the home to the best offer they receive. They are not in a desperate a position to sell however. So they normally won’t accept half off the list price. But they are flexible. The tax value or tax appraisal is not an accurate representation of the true market value. It’s been my experience that the actual market value can be anywhere from 5%-20% above the tax value. Obviously, it all depends on the home. This is a great property and if you have any questions please let me know if I can help you.