Advice - First time bidding on Hud owner occupancy
I placed a bid on a HUD home on Monday.The listing opened on 3/29. This house is probably going to get a lot of bids because it's a good deal and since we went to see it a couple times, people were either there, leaving or driving by.
I'm in GA by the way. My question is with this bidding process. So many unknowns! We offered what HUD is asking and asked for 3% towards closing cost and this home is apart of the $100 down program.
Should we have done anything different? Offered more? Would the listing agent have any info about bids? I hate there is no way to know what other offers are or how many offers there are. My agent said that seemed like a good offer but i don't know if he really knows. Any suggestions or advice is greatly appreciated!