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Other Important Addenda

Certain other addenda may be included, and buyers should be aware of them and their importance. Some of the other addenda that buyers may deal with include the following:

  • Forfeiture of Earnest Money Policy
  • Inspection Addendum to Sale Contract
  • Notice to Purchaser Addendum
  • Closing Extension Policy
  • Lead Based Paint Addenda

While buyers may feel overwhelmed with all the information that is needed when submitting a bid, hiring a real estate agent experienced in buying HUD homes will take the pressure off the buyer. Buyers still must be aware of the requirements, but a quality agent can guide them through the bidding process, ensuring that the bid is submitted correctly with no errors or missing information.

The value of an experienced, HUD-qualified real estate agent cannot be overestimated.

Hiring a real estate agent experienced in buying HUD homes will take the pressure off the buyer.

Next: Steps to take after winning the bid

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