Broker Commission on HUD Home Sales

Broker Commission on HUD Home Sales.

Advertisements

Broker Commission on HUD Home Sales

DATE:      October 24, 2013

RE:          Broker Commission on HUD Home Sales

Per the US Department of Housing and Urban Development (HUD), commissions are split 50/50 with a maximum of 6%. Listing Brokers may earn up to 3%. Properties listed as Hard to Sell may earn a minimum commission of $1,250.00. A Selling Broker may earn up to 3% commission, but may also choose to reduce their commission to increase the net to HUD.

Per Section 3: Compensation in the Notice to Real Estate Brokers Neighborhood Listing Broker Services Agreement, after the property closing has occurred, HUD will pay up to 6% commission to be equally split between the NLB and Selling Broker. HUD will only pay commission after the property closing has occurred, and not merely upon production of a willing and able buyer. HUD will not pay commission if for any reason closing does not occur. The NLB is permitted to sell homes they list, except where prohibited by state or local law.

Bids accepted during the Lottery Period are not commission eligible. HUD will not pay commissions for participants in the Good Neighbor Next Door (GNND) Program, Government Agency purchases, and Non-Profit purchases. The qualifying Buyer receives a discount of 50% off the sales price for GNND. However, HUD does not pay a Buyer’s Closing Costs or Real Estate Broker fees on the purchase of property through the GNND Program. Closing documents should not show HUD as a source of funding for the Buyer’s Closing Costs or Broker fees. If the Buyer is purchasing the home with a FHA mortgage, the Buyer may include in the mortgage amount all of the Buyer’s reasonable and customary closing costs (including prepaids) and Real Estate Broker fees, and make a down payment of only $100.00. A Buyer using a financing option other than a FHA mortgage must comply with the terms and conditions of the selected mortgage lender.

http://www.exite-listings.com/etour.html/TOURID/117318

The BUTLER Team does it again!!! 420 Callaway Lane, 4 bedrooms, 2.5 baths, 2679 square feet $110,000!  

Good Neighbor Next Door – SPECIAL INITIATIVE FOR COMMUNITY SERVICE WORKERS TO BUY HOMES UP TO 50% OFF!!

As a result of listing HUD Foreclosures, many times I am approached about the Officer Next Door and the Teacher Next Door programs.  However, the actual initiative is called, “Good Neighbor Next Door”.  This initiative is geared to supporting law enforcement officers, fire fighters, emergency medical technicians and teachers in purchasing a home in the community for which they serve.  For more details, please follow the link and instructions below.  In addition, I am available to conduct workshops for small and large groups regarding this initiative and to show interested individuals how to access properties (when they are available) and present other incentives that will make buying and/or selling a home a positive experience.  To book a workshop for your organization or small group, please contact me via mobile, 202-345-1594 or via email:   LB@LaShoneButler.com.

http://www.hudhomestore.com/Home/GNND.aspx

To search for properties:  

1.  Scroll to the area of the screen labeled: “Search Properties”.

2.  Select the state of preference (such as Georgia).

3.  Click on “Buyer Type” and select “Good Neighbor Next Door”

4.  Then click, “Search” – SEE SEARCH SAMPLING BELOW:

Image

NOTE:  I specifically DID NOT instruct you to select a county because these types of properties do not come up regularly, therefore, by not selecting the county, you will be able to see all of the properties allocated for the “Good Neighbor Next Door” at one time.  If there are no properties in your area of interest, it doesn’t prevent you from purchasing a home.  It simply means that you may have to utilize alternative resources in which to do so.

***HUGE FINISHED BASEMENT! MUST SEE!***

881 Berryman Place is located in Lawrenceville, Georgia. This is a beautiful property! It has 6 bedrooms and 3.5 baths. The family room has lots of windows that create great natural light! All of the rooms upstairs are VERY spacious. The master bedroom is over sized and the master bath has a super bath! This home has a massive finished basement! The basement is complete with a full bathroom, kitchenette, recreation room, and much more! To make this home even better, the neighborhood is off of Webb Ginn! You would be only a few minutes away from The Avenue! You would have easy access to all of the shops and restaurants located at The Avenue! Located in the award winning high school district, Grayson High School, this is one property that you MUST go see!

 

If you wish to know more on this property, check out our pages! We are on:

Twitter (@LaShone_Butler),

Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+ (https://plus.google.com/111190779873798436539/posts).Image

HAPPY MONDAY!

It’s a great start to the week here at EXIT Realty Integrity Group! We all hope that everyone had a fantastic weekend! Some very exciting things are going on here. Are you looking for a new home? Well, you’ve come to the right place! Let us help you, and we would be glad either sell your home or buy a new one. Just give us a call, and we will start the process and make it as easy as possible! We hope to be hearing from you! 

Check out our other pages!!

We are on:
Twitter (@LaShone_Butler),
Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+
(https://plus.google.com/111190779873798436539/posts).

***GREAT INVESTMENT OPPORTUNITY!***

6032 Idlewood Trace is located in Lithonia, Georgia. Is it a 3 bedroom, 2 baths home that was built in 2001. This single level home has contemporary colors and carpet. There is a little TLC needed, but it is a great investment! Don’t miss out! HUD CASE#: 105-311985

If you wish to know more on this property, check out our pages! We are on:
Twitter (@LaShone_Butler),
Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+
(https://plus.google.com/111190779873798436539/posts).

We also post our listings on Craigslist and EXIT eListings. You may contact us at (866) 934-3984 (Office) or (202) 345-1594 (mobile).

Image

***PROPERTY IN AWARD WINNING SCHOOL DISTRICT!!***

3145 Brownleee Place is located in Lilburn, Georgia inside the awakrd-winning Brookwood High School district! You can’t miss out on this great opportunity to be in this school district! This home may not look like much on the outside, but once you see the inside, you’ll love it! This is a very spacious home with 5 bedrooms and 2.5 baths. This house has an open floorplan and a large deck with a great yard for entertaining! This is a must see! HUD CASE#:5168527

If you wish to know more on this property, check out our pages! We are on:
Twitter (@LaShone_Butler),
Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+
(https://plus.google.com/111190779873798436539/posts).

We also post our listings on Craigslist and EXIT eListings. You may contact us at (866) 934-3984 (Office) or (202) 345-1594 (mobile).

Image

***GREAT CORNER LOT IN LAWRENCEVILLE!***

3102 Meadow Wood Court is located in Lawrenceville, Georgia. This 4 bedroom, 2 baths home sits on a large corner lot! This home is custom painted, has a living room/dining room combo, and a beautiful family room with a wonderful fireplace! The lower level is finished with the fourth bedroom and the family room has its own exterior exit. This is such a beautiful corner lot, don’t over-look this great place! HUD CASE#: 105-417257

If you wish to know more on this property, check out our pages! We are on:
Twitter (@LaShone_Butler),
Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+
(https://plus.google.com/111190779873798436539/posts).

We also post our listings on Craigslist and EXIT eListings. You may contact us at (866) 934-3984 (Office) or (202) 345-1594 (mobile).

Image

***TOWNHOUSE THAT IS MOVE-IN READY!!***

2557 Walden Lake Drive is located in Decatur, Georgia in the Walden Lake Condos. This town-home is a great place to live. It consists of 2 master bedrooms, 2.5 baths and is pristine clean with stainless steel appliances! The main master bedroom has a separate shower behind the bathroom door. This unit is neutrally painted through out and is ready for a move-in! This is a great multi-level home and is already ready for you to call it home! HUD CASE#: 105-307140

If you wish to know more on this property, check out our pages! We are on:
Twitter (@LaShone_Butler),
Facebook (https://www.facebook.com/exitrealtyintegritygroup), LinkedIn (http://www.linkedin.com/in/lashonebutler/), and Google+
(https://plus.google.com/111190779873798436539/posts).

We also post our listings on Craigslist and EXIT eListings. You may contact us at (866) 934-3984 (Office) or (202) 345-1594 (mobile).

Image