Columbus HUD Homes

The weather is really beautiful in Central Ohio - perfect for house hunting. We’ll give you a head start with 3 new Columbus HUD homes just published late Friday.  
 
These Columbus houses are spread out over three suburbs, with prices between $90,000 and $224,000.  I am sure that one HUD Home will be right for you!  

5226 Willow Valley Way, Powell OH 43065
List Price: $224,000 
 

 
825 Holly Farms Dr, Blacklick OH 43004
List Price: $137,000

 
1551 Valley Dr, Reynoldsburg OH 43068
List Price: $90,000

Previously featured Columbus HUD homes are still available for you to see at the following website: http://columbushudhomes.postlets.com
 
Call me at (614) 975-9650!  
 
We can always go see a few properties right after work!

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

I was shocked. When I checked new HUD home listings this morning I could not find anything new. There were only 35 properties available in Central Ohio and most of them had a bid deadline of Sunday (4/26) for owner occupants.

I tried to contact HUD to no avail. Finally, at 1 pm this afternoon the listings were updated. What a relief – I was afraid you won’t have any new homes to look at this weekend.
 
The good news is that HUD added 26 new Columbus houses, most of them in the suburbs. There is a really nice HUD listing in Powell across from the O’Shaughnessy Reservoir, available for $224,000. You may want to check it out, if you are looking for a bigger home.
 
I am sure you will easily find it on today’s Columbus HUD Homes Map. Enter your email in the box to the right and you will receive fresh Columbus HUD Homes maps every Friday morning, right after they have been published by HUD. 
 
Listing Statistics

Total HUD homes available: 69 (last week: 76)

Owner occupants: 52
All bidders: 17
New listings: 26
Price reduced: 26
 
Median Price: $66,000 (last week: $63,000)
Average Price: $75,308 (last week: $71,675)
Highest Price: $224,000
Lowest Price: $3,600
 
Homes less than $50,001: 21 (last week: 30)
Between $50,001 & $100,000: 32 (last week: 26)
More than $100,000: 16 (last week: 20)
 
Only 16 Columbus houses are priced above $100,000. These are probably newer homes and great deals for owner occupants. 
 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

This past weekend the weather was beautiful – perfect for house hunting. Our readers had a head start with 3 new Columbus HUD home listings published on Friday. 
 
They are spread out over three suburbs, and each of them is priced under $150,000.  I am sure that one of them will be right for you! 
 
8402 Master Court, Galloway, OH
List Price: $145,000

 
8612 Firstgate Drive, Reynoldsburg, OH
List Price: $142,000

 
5525 Buxley Drive, Westerville, OH
List Price: $126,000

 
Now let’s see what sold on Sunday. Remember, Sunday is the deadline for owner occupants on 10 day listings. You may remember the 3 Columbus houses we featured a week ago. I titled the email a “HUD home for every taste and budget”, because of the variety in price and location of these houses. 
 
All three of them are now in contract. Here’s a summary of the bid results:
 
9090 Ridgeline Dr, Reynoldsburg, OH
List Price: $154,000
Purchase Price: $154,000
 
1541 Hopkings Ave, Columbus, OH
List Price: $40,000
Purchase Price: $45,200
 
82 S Warren Ave, Columbus, OH
List Price: $10,000
Purchase Price: $8,500
 
Finally, the Westerville condo we mentioned repeatedly is in contract for the third time:
 
538 Foxtrail Circle, Westerville, OH
List Price: $72,000
As-Is Value: $90,000
Purchase Price: $69,750 

As you can see, HUD Homes go fast these days. I expect this will continue at least until Memorial Day.

Call me at (614) 975-9650, if you like these HUD homes and lets submit an offer!  

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

There are even fewer HUD Homes this week than last. Only 14 new listings, and the total number of HUD listings shrunk to merely 76. You are probably wondering what happens to the 250 Columbus houses sold at Sheriff’s auction every week?
 
Honestly, I am not sure. It appears that HUD has a hard time getting properties ready to list. Appraisals and property inspections need to be done for each HUD home before it is presented to potential buyers.
 
Did you receive your HUD Homes Map? If not, you need to enter your email in the box to the right to get a new Columbus HUD Homes Map every Friday and gain an unfair advantage over other bidders!
 
Listing Statistics

Total homes available: 76 (last week: 84)

Owner occupants: 49
All bidders: 29
New listings: 14
Price reduced: 33
 
Median Price: $63,000 (last week: $63,000)
Average Price: $71,675 (last week: $67,808)
Highest Price: $192,000
Lowest Price: $4,050
 
Homes less than $50,001: 30 (last week: 34)
Between $50,001 & $100,000: 26 (last week: 34)
More than $100,000: 20 (last week: 16)
 
Please note that 20 HUD homes are listed above $100,000. Most likely, these are newer homes and great deals for owner occupants. 
 
So call me TODAY at 975-9650, and let’s look at them over the weekend!  

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

We are catching up after last week’s delays! Today I prepared 3 Columbus HUD Homes that represent a cross section of real estate for sale in Columbus.
 
Not all of these Columbus houses may be your taste. Nor may they be in your preferred neighborhood or school district. But with prices ranging from $10,000 to $154,000 there should be something for everone’s budget. 
 
9090 Ridgeline Dr, Reynoldsburg, OH
List Price: $154,000

 
1541 Hopkings Ave, Columbus, OH
List Price: $40,000

 
82 S Warren Ave, Columbus, OH
List Price: $10,000

If you would like to see previously featured HUD homes that are still on the market, simply follow this link: http://columbushudhomes.postlets.com
 
At midnight tonight relisted homes are expiring for owner occupants. If you want to bid as an investor tomorrow, you need to get ready today!
 
Call me at (614) 975-9650!  –   Good Deals Won’t Last!

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

Today, I want to bring your attention to two re-listed (boomerangs) Columbus houses. Both homes are available for bidding by owner occupants till Tuesday, 4/14/09 at midnight. Better hurry!
 
Read to the end – I have a great BONUS HOME for you!
 
The first “boomerang” is a 4 BR/2.5BA Dominion built Columbus HUD home in Galloway Ridge. It has a very practical layout and is just north of W Broad St. Click the picture for more details. 
 
476 Belfair Dr, Galloway, OH

 
The other “boomerang” HUD home is now listed for the 3rd time! Looks like it fell out of contract twice, hopefully the 3rd time is the charm! This is a very nice condo end-unit in Westerville, complete with all appliances offered for only $72,000. Buying this condo is cheaper than renting a comparable property, and if you are a first time home buyer, you will get a 10% (up to $8,000) income tax credit, too!
 
538 Foxtrail Circle, Westerville, OH

 
If you would like to see previously featured HUD homes that are still on the market, simply follow this link: http://columbushudhomes.postlets.com 
 
Here is a BONUS Relisted Columbus HUD Home for you. We did not feature this home before, but it is an exceptional deal. Homes in this subdivision sell for $200K and more. Click on the picture – you won’t believe what it’s listed for. 

131 Dogwood Dr, Delaware, OH  —  4BR/2.5BA Single Family House

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

This week we experienced a dramatic drop in the median listing price as well as the total number of HUD homes. The median price of Columbus HUD Homes is now at $63,000, that’s almost $15K less than last week. There are only 84 HUD homes listed for sale, an all-time low.

Owner occupants are buying the nice, suburban HUD homes at record speed. Only 24 Columbus homes are available to investors at this time. If you can’t bid as an owner occupant, your chances of getting a suburban HUD home are slim.

We made an important improvement to HUD Home maps. We added color codes so you can easily find properties by bidding deadlines.

New Columbus HUD home listings are always published on Fridays. There are 4 deadlines you must be aware of:

1. New listings have a bidding deadline for owner occupants of 10 days. That’s midnight on Sunday a week after they were originally listed. New listings have red markers.
2. The deadline for relisted properties is midnight on the following Tuesday. Relists offer a 5 day exclusive for owner occupants. They are identified by yellow markers.
3. Homes marked in blue are exclusively available for owner occupants. They were new listing on Friday a week ago and are still available for owner occupant bidding till Sunday midnight.
4. Finally, properties for all bidders are marked in green. Bids can be submitted any time. There are no deadlines.

Listing Statistics

Total homes available: 84 (last week: 104) this is an alltime low!!

Owner occupants: 60
All bidders: 24
New listings: 15
Price reduced: 45
 
Median Price: $63,000 (last week: $77,250)
Average Price: $67,808 (last week: $80,281)
Highest Price: $192,000
Lowest Price: $4,050
 
Homes less than $50,001: 34 (last week: 33)
Between $50,001 & $100,000: 34 (last week: 40)
More than $100,000: 16 (last week: 31)
 
Don’t let the few remaining HUD homes slip away!

Call me TODAY at 975-9650! 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

We selected two new suburban Columbus HUD homes for you. Click on the address or image to see more photos, propety details and a map. Both are in desirable locations and very good values compared to other Columbus houses currently listed on the MLS.
 
327 Hanford Street, Columbus, OH 
Stunning new construction in Merion Village, just south of German Village. This is a great, revitalized neighborhood. Sold in 2002 for $183,000!
Now offered for $142,000.

 
 
7110 Retton Road, Reynoldsburg, OH 
Classic Huber Ranch in Reynoldsburg features a large kitchen with island, double ovens and cooktop. 3BR/2BA. Nice yard with patio, storage shed and mature trees.
Offered for only $64,000

 
 
Call me TODAY at (614) 975-9650, to see these wonderful homes before they are gone!
 
 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

Every Wednesday we publish the Bargain Hunters List of Columbus HUD Homes that are available to all bidders. It is usually shorter when you compare it to the number of new HUD homes available every Fridays. This shows that many HUD homes go in contract with Owner Occupants over the weekend.
 
Remember, Sunday midnight is the deadline for new HUD listings which have been reserved for owner occupants for 10 days. Tuesday midnight is the deadline for relisted properties which are reserved for 5 days. And on Wednesdays you can see what’s left over for investors …
 
We found 44 Columbus HUD homes available to all bidders. 
 
The 9 Columbus houses on the top of the list are Boomerang homes (relists). Among them is the brick double we featured a few weeks ago on 1208 E. Long Street. The price has been reduced to $54,000. Take another look!
 
If you want to get the Bargain Hunters Spreadsheet with these best properties every Wednesday, click on “FREE HUD Home Maps” below and subscribe to our email list.  

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650

We have a very affordable Columbus HUD Home ready to preview. It’s located in the popular River Bend Subdivision, just North of Grove City. This home was last sold in November 2006 for $120,000. Now you can have it for half of that price. It’s listed for $60,000.
 
You get a lot of home for that price. This multi-level Columbus house comes with 3 bedrooms, 2 bathrooms, a 2 car garage, a wood burning stove in the family room and a fenced yard.
 
Click on the address to see by yourself:
3147 Valleywood Drive, Columbus, OH  

HUD OWNED 3-level in popular River Bend Subdivision
OFFERED for $60,000
CASE NUMBER 413-459092
BID DEADLINE: 4/12/09 for Owner Occupants
 
 
Owner occupants will receive a $2,500 credit to cover closing costs, and a $550 repair escrow.
 
Call me today at (614) 975-9650 and I will gladly schedule a showing for you to see any of our Columbus houses!   
 

Thanks for reading our Columbus HUD Homes Blog
Posted by: Susanne Novak, ABR, FIS, GRI 
Columbus Realtors specializing in
HUD Homes, Shortsales, Investment Real Estate
(614) 975-9650