I’m just trying to understand HUD homes a little more in Albany, NY.
<<Can any agent put an offer on one or do they need to have some registration?>>
“Any real estate broker registered with HUD may submit an offer and contract to purchase on your behalf. HUD pays the real estate broker’s commission, if included in the contract.” (http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm)
<<Are all the HUD homes in this area listed by a single real estate agency? >>
“All properties available for purchase by the public are offered for sale at Internet listing sites maintained by management companies under contract to HUD.” (http://www.hud.gov/offices/hsg/sfh/reo/reobuyfaq.cfm)
<<Who sets the sale price of the HUD home?>>
HUD sets the list price based on a market appraisal. The property is then auctioned through HUD’s on-line auction process…they will accept the highest “Net to HUD” offer that exceeds their established threshold.
I would recommend that you read the HUD website in its entirety and understand the process before proceeding.
Keith