You can know the price a HUD property went under contract for prior to it closing.
In the good old days HUD would post every bid on their website after the bid was over and the world could see each and every bid. Today, they are not as forthcoming with information. However you can still view the net amount of the winning bid to HUD.
Go to HUD’s website, http://www.hudhomestore.com, click on bid results. A new window will open. Fill in the state and maybe the city or the zip code. It will list all of the properties which have recently sold. It does take HUD a few days to list the information here and will not be available the day the bid is open.
You will be able to see the real estate firm that sold the property, the net amount of the bid to HUD, and whether the buyer is an owner occupant or an investor.
By reviewing past winning bids, buyers can understand the way the market is bidding on these types of properties. This can show whether the list prices are being exceeded or if buyers are paying the list price or less.
It also shows the dated the offer was submitted, opened, and accepted. If a time delay is shown between the date opened and accepted, the public can understand that this was a back up bid.
If you need help on a HUD property, call me. I specialize in selling HUDs and other repo properties and know how to get them closed. Feel free to call me at 213-2992 with any of your real estate needs or visit my website http://www.sandiwalker.net.
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