Profile picture for BAWahyahneeta

I have multiple friends grabbing fantastic deals on foreclosed homes and renting them out until the

I have multiple friends grabbing fantastic deals on foreclosed homes and renting them out until the housing market picks up and then they plan to sell them. Can anyone that has brought a Hud Home in the last few years tell me what percent below the asking price to bid? I live in rural Georgia if that makes a difference. The houses I am referring to have been on the market for a VERY long time. Thanks. 

  • November 17 2012 - US
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Answers (3)

Best Answer

Profile picture for Honesty Sells
If it's been on the market for more than a year I would determine fair market value and go in 10-20% below.
  • November 18 2012
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HUD adjusts the asking price when the property sits...

  • November 18 2012
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Profile picture for wetdawgs
What do your multiple friends advise?

  • November 17 2012
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