(585) 482-8800
Frequently Asked Questions About.....

            1.   Who can buy a HUD home?
                  Answer: Anyone! If you have the cash or can qualify for a mortgage, you can
                  buy a HUD home.

            2.   Are HUD Homes meant for people with low incomes?
                  Answer: HUD homes range in price, but most are affordable for low- and
                  moderate income Americans.

            3.   Is it true I can get a HUD Home for a dollar?
                  Answer: No. HUD sells homes at market value - that means that the price is
                  set based on the price of similar homes sold in the area.

            4.   If the HUD Home needs repairs, will HUD make them?
                  Answer: HUD Homes are sold "as-is," without warranty. That means that HUD
                  will not pay to correct any problems. But even if a HUD Home needs fixing up -
                  and not all of them do - it can be a real bargain! For example, HUD's asking
                  price on the home will reflect the fact that the buyer will have to invest money
                  to make improvements. HUD might offer special incentives such as an
                  allowance to upgrade the property, a moving expense allowance, or a bonus for
                  closing the sale early. And keep in mind that on most sales, the buyer can
                  request HUD to pay all or a portion of the financing and closing costs.
                 Your ENCEL HOMES agent will have details.

                  We encourage you to get the home professionally inspected before you make
                  an offer. so you will know what repairs you may have to make BEFORE you
                  submit your bid.

            5.   How do I buy a HUD home?
                  Answer: Start by calling ENCEL HOMES @ 585-482-8800. One of our
                  HUD Certified Real Estate agents will show you the home and submit the bid for you.

                  Normally, HUD Homes are sold in an "Offer Period." At the end of the Offer
                  Period, all offers are opened and, basically, the highest bid is accepted. If the
                  home isn't sold in the initial Offer Period, you can submit a bid any business
                  day. If your bid is acceptable to HUD, your ENCEL HOMES agent will be notified,
                  usually within 48 hours.

            6.   If my bid is accepted, then what happens?
                  Answer: Your ENCEL HOMES agent will help you through the paperwork process.
                  You'll be given a settlement date, normally within 30-60 days, where the
                  transaction will occur. We have an excellent booklet to help you understand
                  the settlement process: "Buying Your Home - Settlement Costs and Helpful
                  Information."

                  When you buy a HUD Home, the selling agent's commissions are paid by HUD.

            7.   How can I find out what HUD Homes are for sale?
                  Answer: Right here! We update our lists of HUD Homes for sale every day. If
                  you see one that interests you, contact ENCEL HOMES @ 585-482-8800.
                  We can help you from there.

            8.   How can I get a loan to buy a HUD Home?
                  Answer: HUD doesn't make loans directly. But we do have a number of
                  mortgage programs that could help you buy a home. You can read
                  about those programs here. Then contact a HUD approved lender, who will take
                  you through the steps and actually make the loan. ENCEL HOMES
                  can recommend several HUD approved lenders.

            9.   Can I buy a HUD Home as an investment?
                  Answer: Most HUD Homes are initially offered on a priority basis to owner
                  occupant purchasers (people who are buying the home as their primary
                  residence). Following the priority period, unsold properties are then available to
                  all buyers, including investors.

            10.  Is there anything else I should know about HUD Homes?
                 Answer: We encourage every home buyer and homeowner to be a wise
                  consumer, so be sure to read our Consumer Information. Houses built before
                  1977 may have lead based paint, which can cause harm to your family; so be

                  sure to read about this hazard and about what you would need to do to correct it
Frequently Asked Questions About
Homes

1.   Who can buy a VA home?
                  Answer: VA Homes are available to everyone. If you have the cash or can qualify for a mortgage, you can
                  buy a VA home.

            2.   Are VA Homes meant for people with low incomes?
                  Answer: VA homes range in price, but most are affordable for low- and
                  moderate income Americans.

            3.   Is it true I can get a VA Home for a dollar?
                  Answer: No. VA sells homes at market value - that means that the price is
                  set based on the price of similar homes sold in the area.

            4.   If the VA Home needs repairs, will VA make them?
                  Answer: VA Homes are sold "as-is," without warranty. That means that VA
                  will not pay to correct any problems. But even if a VA Home needs fixing up -
                  and not all of them do - it can be a real bargain! For example, VA's asking
                  price on the home will reflect the fact that the buyer will have to invest money
                  to make improvements. VA might offer special incentives such as an
                  allowance to upgrade the property, a moving expense allowance, or a bonus for
                  closing the sale early. And keep in mind that on most sales, the buyer can
                  request VA to pay all or a portion of the financing and closing costs.
                 Your ENCEL HOMES agent will have details.
 

           5.   How do I buy a VA home?
                  Answer: Start by calling ENCEL HOMES @ 585-482-8800. One of our
                  VA Certified Real Estate agents will show you the home and submit the bid for you.

                  Normally, VA Homes are sold in an "Offer Period." At the end of the Offer
                  Period, all offers are opened and, basically, the highest bid is accepted. If the
                  home isn't sold in the initial Offer Period, you can submit a bid any business
                  day. If your bid is acceptable to VA, your ENCEL HOMES agent will be notified,
                  usually within 48 hours.

           6.   If my bid is accepted, then what happens?
                  Answer: Your ENCEL HOMES agent will help you through the paperwork process.
                  You'll be given a settlement date, normally within 30-60 days, where the
                  transaction will occur.

                  When you buy a VA Home, the selling agent's commissions are paid by VA.

            7.   How can I find out what VA Homes are for sale?
                  Answer: Right here! We update our lists of VA Homes for sale every day. If
                  you see one that interests you, contact ENCEL HOMES @ 585-482-8800.
                  We can help you from there.

            8.   How can I get a loan to buy a VA Home?
                  Answer: Qualified buyers can get a loan directly from VA. Ask your
                  ENCEL HOMES Agent for details.

           9.   Can I buy a VA Home as an investment?
                  Answer: Most VA Homes are initially offered on a priority basis to owner
                  occupant purchasers (people who are buying the home as their primary
                  residence). Following the priority period, unsold properties are then available to
                  all buyers, including investors.

            For answers to any other questions CALL
           ENCEL HOMES @ 585-482-8800