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Updated over 13 years ago on . Most recent reply
HUD offer question, increasing chances of winning bid
I have been searching all over the internet and can't find the answer to this... Hypothetical situation: Person 1 puts a bid in on a HUD property for $30K using a buyers agent, person 2 also puts a bid on the property for $30K BUT uses the listing broker. Both offers are cash. Will HUD be more likely to accept person 2's offer because he used the listing agent and HUD doesn't have to pay a fee to the buyers agent? I know HUD always goes with the best net offer (most money in their pocket). Would the net be better for HUD if someone didn't use a buyers agent???
Cheers to whoever answers this as I failed to figure it out after extensive google searching...
Thank you BP! :D
Most Popular Reply
Thanks John, that helps clarify things for me. So if I were to make an offer directly through the listing agent instead of using my buyers agent would the listing agent get both sides of the commission, or would HUD just not have to pay a buyers agent commission thus making the net offer look better to them?