--------NEED ADVICE ON GOVERNMENT HOME OWNED BIDDING----------- - Posted by Jason

Posted by David on February 11, 2000 at 21:27:17:

  1. is it VA or HUD?
  2. how bad do you want it?
  3. how desirable is it to other, how much competition?
  4. 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 ADVICE ON GOVERNMENT HOME OWNED BIDDING----------- - Posted by Jason

Posted by Jason on February 11, 2000 at 16:04:30:

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