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Updated over 8 years ago,
HUD PROPERTY OFFER ACCEPTED!!
Recently put in an offer on a HUD home site unseen. After a slight negotiation we won the bid! We plan to go out to visit the property and get an estimate on repairs before finalizing the paperwork for our offer just in case something else comes up. Is there anything else we should be sure to do before moving forward with this property!?
I appreciate your feedback!!!
Btw, we got the house for $47000 with ARV around $180,000 and just assumed repairs would be $60,000 to see if the numbers would work. Even if repairs are $80,000 the numbers still work.