how desirable is it to other, how much competition?
how long on market?
usually the HUD stuff will go as low as 85% or so. the va stuff is higher percentage. for the primo stuff it is often overbid. I have seen stuff bid 30 to 40k OVER asking price! good luck
David
Need suggestions on bidding price for a government owned 3/2 home!
DETAILS: ASKING PRICE 66,000
COMPARABLES 80’S TO 100
HOUSE NEED SOME MINOR WORK
NEEDS APPLIANCES
UNDECIDED ON FLIPPING
OR FIXING
I dont want to lose this one, however I dont want to bid to high. I have never gone the bidding route before. Typically what percentage of the asking price do these govt. owned homes sell for, and what do you think a safe bid would be?
thank you in advance for any suggestions you may have