Low offers

[Tommy Mosley]

I'm thinking of putting an offer in on a home that was listed as a hud home but is now available to investors ...  So my question is basically this is it absurd to consider putting in an offer at 50 to 60% below asking price... It would be a cash offer of course if that makes any difference... Any insight would be welcomed and thanks .

[Greg H.]

if the property has been on the market less than 90 days you have no shot. After 90 days , lower offers will be considered but you are still probably too