Updated over 5 years ago on . Most recent reply
Advice for HUD bidding
I am making my offer for a HUD home, any advice on what percentage of asking price I may go with. I heard if I make a lowball offer I may not submit a second one. Or will not have a chance to bid again.
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
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Typically, 88% of asking price, Net to HUD.