Offer strategy for a hot deal on HUD homestore
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.