? HUD Bid Amount suggestions ?

[Paul K. McCoy]

Good morning BP members! I'm looking at purchasing a HUD home that recently came on the market as my primary residence. The property is in exclusive stage until Dec 19th midnight. I'm willing to give full List price of $38k, with that said is there an additional amount that I need to allow to secure this home, just assuming no others are bidding? Also, is one bid submission all thats needed during the exclusive period? We really want this home and don't mind paying over but also want the Best deal possible :) All the best ! Paul

[Mike Cumbie]

Hi @Paul K. McCoy,

I obviously don't know your area or the house or the situation except for those few things above. If my client wanted it and there were no other bidders (which who knows) and I wanted to throw out a number it would be $33,060 before tomorrow at midnight and most likely tonight before midnight.