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Average Bid/list price for HUD Foreclosures is 114%
I received a call from a buyer who was interested in having me submit a bid for her on a HUD foreclosure.
It was listed at $37,000 and she wanted to offer $25,000.
If you aren't involved daily in real estate right now, I can see how you might think that it's still a buyer's market.  If you look at a price chart for this area, Clayton County, you can see how far prices have fallen and they seem to have been pretty flat for the past three years.

But my direct experience with helping buyers get homes tells me that one needs to make offers that might seem higher than what the comps. suggest in order to get a home.  It's a crazy world of multiple offers and buyers bidding more than full list price.  There also isn't much special anymore about having cash.  It seems that it's almost a necessity for the lower priced homes.
Just to verify my anecdotal experiences, I thought I would do a quick analysis of what it takes to get a HUD foreclosure in today's market.
At the www.HudHomeStore.com site you can see what the accepted bids were for properties over the past ... more

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