Analysis of a Winning Bid - How much did HUD discount? Or: How Low Can you Go? You probably wonder how low you can go when submitting a bid for a Columbus HUD Home. There is no easy answer, as HUD does not publish their acceptance guidelines. I researched a few homes that HUD sold recently to give you an idea about the discounts they have accepted. It appears that the final purchase price depends on how soon offers are submitted. Owner occupant offers usually come in much closer to the original listing price (or the as-is appraised value) than investor bids. If offers fall through (which happens quite frequently) and HUD has to reduce the listing price, then it seems that HUD becomes very motivated. Sometimes they even drop the price so low it creates a bidding frenzy among investors. L...
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