Boise Cribs Real Estate is the Newest HUD (Housing & Urban Development) Approved Brokerage in Idaho. HUD homes offer an exceptional value for the right buyer.
Visit the HUDhomestore to see the full inventory nationwide and then contact us.
When a HUD Home becomes available for sale, usually it is listed on the Multiple Listing Service and on HUD Home Store. Any real estate broker who is properly registered with HUD may submit contracts for purchase. Brokers are used because of their expertise in the local residential real estate market and because HUD does not have sufficient staff either to show properties to prospective buyers or to assist in those other aspects of homebuying normally handled by brokers.
Before FHA properties are publically listed for sale, they are first evaluated to ascertain if they qualify for direct, exclusive sale to units of local government and FHA-approved nonprofit organizations. Generally, these properties are located in a designated Revitalization Area.
FHA REO properties that are not sold under any special programs are listed on HUD Home Store and offered on an exclusive, priority basis to owner occupant purchasers (people who are buying the home as their primary residence). Following the Exclusive Sales Period, unsold properties are then made available for purchase to all interested buyers, including investors, under the Extended Sales Period.