Foreclosures – Buyer's Premium

Home Forums Investor Basics Foreclosures – Buyer's Premium

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • #3110
    Desiree Crespo
    Participant

    Hi Nick.
    I happened upon an Auction by HUBZU. The current highest bid is 203K.
    Hubzu is asking a buyer’s premium of 4.5% of the bid amount which comes out to over 9K. This is paid to HUBZU. Is this standard?

    Desiree Crespo

    #3534
    Sing Chan
    Participant

    Desiree,

    Yes, It is typical cost, also there is a technology fee as well that would be added. Do your due diligence before you bid on the property.

    Thanks

    Sing ‘Joey’ Chan

Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.