Bidding on a HUD property
I have recently put in an offer on a HUD property and my Realtor just let me know that there are multiple offers on the table and they are asking me if i want to change my offer, leave it the same, etc. I am not experienced with this so my question would be: Do people put in offers over the asking price? How high can they go from your experience. As of right now I am over the asking price and am just curious on what your experiences were with these type of "bidding wars".