How does HUD determine the list price of a HUD Home?

List Price is the “asking price” of a Property based on Market Value, as determined by one or more evaluation tools, such as an appraisal, Brokers Price Opinion, or Automated Valuation Model.
 
The Asset Manager (AM) will monitor assigned transactions to ensure that Properties are valued and sold in a manner in accordance with market conditions.
 
For additional information please contact the Asset Manager with jurisdiction over the property.  To locate contact information for the Asset Manager please visit the HUD Homestore website at https://www.hudhomestore.com/ and click “Help” in the gray tool bar.
 
For policy information see Handbook 4000.1 IV.B.2.a.i(A) and IV.B.2.b. at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh
 

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.


Topic Number: KA-03207