My dear friend Zephyr, who just graduated from college, inspired this post. He’s currently looking for a job as a middle school teacher (I still like to call it Jr High) which of course led me to lecture him on how he WILL be buying a home once he gets a job.
The reason he WILL be buying a home is not just because I’m a real estate agent and like having good clients! It’s because as a teacher he can qualify for the “Good Neighbor Next Door” program and buy a HUD home for 50% OFF THE LIST PRICE!! This is huge! At 23 he could buy his first home, live in it the required 36 months and then obviously he can either continue to live in it and build up equity, or he can sell it and buy a different/bigger home, or he could turn it into his own little investment and rent it out. I’ve also decided that if he continues on this investment path I’ll have him retired by the time he’s in his 50’s and he can start a career as a motivational speaker/writer. Little did he know I was a life/career planner as well as Realtor!
Of course I’ve explained to him that there has never been a better time to buy a HUD because there are quite a few to choose from these days at remarkable prices. AND you only have to put $100 down on a HUD home right now.
Who is eligible for this Good Neighbor Next Door program? Law enforcement officers, teachers from pre-K to 12th grade, firefighters and EMT’s.
Can I get any HUD home for 50% off? It must be a HUD home located in a Revitalization Area which if you follow this link you’ll note that many of these areas are quite large. Teachers must live in the area in which they teach.
Can I find HUD homes online? But of course! You can search homes here. Note however that you do need to use a HUD approved Realtor to view them or make an offer.
If you would like more information on the Good Neighbor Program or are just interested in purchasing a HUD home in general, feel free to contact me!








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