Offer strategy for a hot deal on HUD homestore

[Cooper B.]

I'm hoping to get some quick advice here. I'm going to submit an offer on a HUD home today on behalf of a client who will be an owner occupant. Today is the last day of the exclusive listing period for owner occupants. The house is listed with an extremely attractive list price, and I suspect that it will go for well over list.

Can anyone tells me if HUD receives multiple owner occupant offers will they initiate a counter to everyone (i.e., like Homepath does)?

My buyer is willing to pay over list....I hate to make initial offer at his highest price but I sure wouldn't want to get a lower offer overlooked with no opportunity to counter.

[Account Closed]

We just lost a bid on a HUD home and found out it went $10k over-list. Make sure your agent checks allow back up offer on the form,because many times HUD properties fall back onto the market due to agent or buyer delays or errors on the forms . I have bid on HUD properties only to be contacted by HUD a short time later on a counter bid to my offer Many times HUD miss prices properties so make sure your agent or yourself knows the market value and be prepared to over bid .