What types of HUD Homes are available in Cherokee County?

FHA loans are not available on every type of property. HUD has strict guidelines that include the type of structure and maximum loan amount. Many homes in Cherokee County quality for a FHA loan because of its zoning and relatively low housing costs. Borrowers in Cherokee do not have to use FHA loans and FHA loans are not always the best option, but they are always worth considering if the property in question qualifies.

At any given time, there are usually more than 40 HUD homes available in Cherokee County. Within the limits of the FHA loan program, you will find a wide range of prices and quality of homes. Cherokee is a part of the Metro Atlanta area, but it is further away that some other counties, so, unlike counties closer in, you will often see nice, large homes in good condition at reasonable prices. Cherokee does not have many rural areas left, but you may find homes for very little money (less than $50,000) that may need extensive repairs and/or rehabilitation.

HUD homes are sold as-is.  The HUD home you find may need some repair work done (in fact, many do), and although HUD will not pay for repairs or make any warranty on the home, the listing price may reflect that the buyer will need to invest money to repair or upgrade the property.  Also, HUD may offer special incentives to make the home more attractive to prospective buyers, such as allowances for upgrades, moving, and quick closings.  Check with www.HudCherokee.com, your Cherokee County HUD homes real estate professionals, for details on special offers.  It is certainly in your best interest to have a thorough home inspection done prior to making your bid for a HUD home.  www.HudCherokee.com can refer you to qualified home inspectors when you are purchasing a HUD home in the Cherokee area.