Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago,

User Stats

12
Posts
3
Votes
Lucas B.
  • Homeowner
  • Newton, IL
3
Votes |
12
Posts

Buying first property. HUD?

Lucas B.
  • Homeowner
  • Newton, IL
Posted

I am looking to make my first purchase, I have found a HUD house. I called the listing agent to ask questions about it and he gave me great information. Explained to me how the process worked and what i should look for. Definitely opened my eyes to the HUD process.

My only question/concern was one thing he said. He said the house is listed at $35,000 and so i should put in an offer at around 28,000. When i told him i was thinking about offering a lower price than that he made the comment that if i put in a bid too low then they will ignore my bid. At first i thought this seemed logical as the house is already listed below market value but then i listened to Podcast ep. 38 with mr. dagget and he said you can send as many low ball offers as you want to figure out the minimum they will take. So is the realtor (who says he does a ton of HUD deals) trying to keep my bid high so he makes a nice commission or is he right?? Any help would be awesome! Thanks

Loading replies...