Has anyone ever bought a home from HUD?

Written By: admin on August 4, 2009 No Comment

Okay, the house I am looking to buy is a HUD home and it is also a foreclosure. It is about 75 years ancient and much of it is newly remodeled but it still needs a lot of work, certainly a new roof and the whole house probably needs replumbed. A lot of the rooms need carpet as there is none. The asking price is 50 grand. I guess what I am asking would 25 grand be to low of an opening bid for them to even talk to me? Like stated earlier it is a pretty descent house as far as foreclosures go, but I will still have to place about 20 grand into it before i can go in. I dont want to lowball them so terrible they wont talk to me but at the same time i dont really want to pay more than 30 G for this house. Any thoughts out there from homeowners, or HUD/Foreclosure homeowners especially?
Okay, to be more speciffic we already have a realtor and i dont trust any realtor because they just want my money, just like any business. Im going to see the house for the second time tonite with the same realtor so its pretty obvious that im interested, i just dont want them to not ever do business with me again because i offered to low.