All Forum Posts by: Katie Uhrina

So in hot markets , is it wise to bid above asking price? Furthermore, what is a good rule of thumb, if any, to win the home in that type of market? We bid 15k over asking price a few weeks ago and still lost the house, what gives? 

In addition, to the above, obviously the 89% rule doesnt apply to this scenario, so have you been in this position before and if so how do you get the properties? Thanks:)

   Brett- we are having issues winning any properties with hud. I think A) they are in hot areas, and they are going above asking price and B) we are asking above and still not winning.

So my question is, can we do an escalator clause stating that we will $1 bid higher than the highest bid? Or what do you believe is the best way to win this auctions with houses in popular areas? I'm an investor, we pay cash etc etc. look forward to your answer!

Katie