This process is simple, but 1st we must know that the HUD home appraisals for whatever reason sometimes appraise the homes extra low, other times right on target, and other times too high. Yes, what a mess. However, you should visit the home, note the condition, and costs it will take to bring the home up to fair market value with a contractor doing the work. Then you should run the comparable sales to see how much similar homes have sold for recently. With your HUD home specialist you should then come up with a value, which you are going to bid.
KING of HUD Local agents know how to properly bid a home for your best chances on winning a home worth winning. Low appraised HUD homes will be extremely competitive, priced right HUD homes will be competitive, and over priced HUD homes will not be very competitive.
Contact us toll free to learn more about HUD homes in your area 1-(855) 373-5478