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Updated over 9 years ago on . Most recent reply

User Stats

51
Posts
14
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Christopher B.
  • Broker/Investor
  • New York, NY
14
Votes |
51
Posts

​Respond to HUD’s Counter Offers

Christopher B.
  • Broker/Investor
  • New York, NY
Posted

Yesterday, I got a counter offer from HUD for $103,275.00 I beat the counter by $1.99 making my offer $103.276.99. Today, I was expecting to see that I won the bid and get an acceptance. However, instead I get another counter offer for the same amount as the day before of $103,275.00 Why did this happen? Am i suppose to add the Listing Agents commissions to my final bid which would be $3,098.31 making my offer a grand total of $106,373.31.

* I don't ask for Buyers commission since I am the Broker and bidding for myself. 

Any suggestions?

Most Popular Reply

User Stats

4,342
Posts
4,246
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Greg H.
  • Broker/Flipper
  • Austin, TX
4,246
Votes |
4,342
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Greg H.
  • Broker/Flipper
  • Austin, TX
ModeratorReplied

The "Counter Offer" is the net to HUD meaning the acceptable amount after commission and any closing costs requested

  • Greg H.
  • Loading replies...