Have you thought about buying a HUD Foreclosure? The chart below will be pretty helpful for you. I looked at 90 HUD single family properties that sold in Hartford County between 1/1/14 - 5/31/14. I wanted to know if there was a magic number that they would accept when considering offers on properties.
As you can see in this chart, HUD gave the greatest discount off of the list price between 61-90 days on the market. This should make it a little easier for you when considering making offers on HUD properties. Just make your offer at about 88.79% of the list price and it should get accepted. Of course if you're making this purchase as an investment, make sure that these numbers line up with your acquisition strategy.
If you'd like a detailed analysis on your local market, email me here.
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