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Updated over 4 years ago on . Most recent reply

Lizbeth Vaquero's profile image
Lizbeth Vaquero's profile image
Lizbeth Vaquero
  • Investor
  • from Scranton, PA
  • Member since Feb 24, 2020
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Lizbeth Vaquero's profile image
Lizbeth Vaquero's profile image
Lizbeth Vaquero
  • Investor
  • from Scranton, PA
  • Member since Feb 24, 2020
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Lizbeth Vaquero
  • Investor
  • Scranton, PA
6
Votes |
30
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Foreclosures

Advice for HUD bidding

Lizbeth Vaquero
  • Investor
  • Scranton, PA
Posted

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's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Typically, 88% of asking price, Net to HUD.

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