HUD home buying input
I've learned a lot on here, so thought I'd give back with what I can regarding my recent HUD home purchase. Here's the details about me and the purchase.
Midwest
First HUD purchase
First investment property
Investor purchase
Initially listed at 50k
HUD lowered to 45
I offered 38, they countered saying 40 was lowest they'd accept and I resubmitted at 40 and they accepted. With fees to agents, HUD netted about 83%.
Hope this gives some insight into HUD's current accepted percentage from list rates!