Half-Price homes for Teachers & Law Enforcement Officers
Did you know that there is a HUD (U.S. Department of Housing and Urban Development) program available to teachers and law enforcement officers to purchase homes for half-price?!
The “Teacher Next Door” and “Officer Next Door” programs can be a great help for people in the teaching and law enforcement professions. There are some hoops to jump through and some restrictions such as:
* Homes must be in designated redevelopment areas
* You must live in the home for 3 years to get the full price reduction
* You have to bid on and win a home using an Internet-based bidding system
* Your contract has to be submitted immediately after winning a bid
* You must pay your real estate agent yourself, HUD doesn’t compensate your agent the way most typical sellers do
I have gone through the process before and understand how it works and if you can benefit from either program. Contact me if you want to learn more.
