Columbus HUD Homes

It’s time for house hunting! On this incredible, spring like holiday weekend it is hard to stay inside. Enjoy the sun and head out to look at some of our Columbus houses. This week we are featuring homes on the east side, in various suburbs, all priced between $100K and $150K, perfect for first time buyers and young families looking for a nice neighborhood in the suburbs.

As a special bonus for the Thanksgiving weekend we decided to preview 6 Columbus HUD Homes for you.

6633 Cherry Bend, Canal Winchester, OH
3BR/2.5BA 1,926 sqft Asking $155,000

1126 Chaser St, Blacklick, OH
3BR/2.5 BA 1,640 sqft Asking $115,000

3835 Pendent Ln, Columbus, OH
4BR/2.5BA 1,544 sqft Asking $95,000

3458 Blendon Bend Way, Columbus, OH
3BR/2.5BA 1,494 sqft Asking $130,000

4910 Allwood Dr, Columbus, OH
3BR/2.5BA 1,540 sqft Asking $105,000

3747 Hidden Ridge Dr, Columbus, OH
3BR/1.0BA 1,233 sqft Asking $95,000

Call me today at (614) 975-9650 to schedule a showing!

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, preview

For this Black Friday HUD boosted its Columbus inventory to 92 listings. What’s even more exciting is the fact that the median list price jumped to $85,000. It hasn’t been this high since we started tracking HUD homes more than a year ago.
 
The reason for this jump in price is the increased number of suburban Columbus HUD homes. 27 Columbus houses are priced above $100K, which is close to an all-time high.
 
Where are the Thanksgiving weekend deals? They are on the east side, in Westerville, Blacklick, Canal Winchester and Obetz. Make sure to read my next blog post in a couple of days to see 6 featured Columbus HUD homes.

Today three of our featured HUD homes got relisted. You can find them on the map – just look for the yellow markers. If you did not get a HUD homes map, simply enter your email in the box to the right and join our mailing list!

The 3 boomerangs are the New Albany homes at Mardela Drive (price reduced to $112,500!!) and Nafzger Drive as well as the house at Fairfax Loop in Blacklick.

Listing Statistics

Total homes available: 92 (last week: 80)

Owner occupants: 67
All bidders: 25
New listings: 22
Sunday deadline: 26
Relisted/Price reduced: 19
 
Median Price: $85,000 (last week: $73,500)
Average Price: $79,507 (last week: $75,236)
Highest: $195,000
Lowest: $11,000
 
Homes less than $50,001: 27 (last week: 28)
Between $50,001 & $100,000: 38 (last week: 31)
More than $100,000: 27 (last week: 21)
 
Call me TODAY at 975-9650 to see the newest HUD Homes this 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

Technorati Tags: black friday, Blacklick, Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, New Albany

Property investors have a hard time finding good HUD home deals. Over the past year we saw the number of HUD homes available to investors shrink relative to Columbus houses open to owner occupants. On top of it, owner occupants out-bid investors on most suburban HUD homes by a significant margin.

It appears to me that there is a minor change happening as the year draws to an end. When I compiled the bargain hunters spreadsheet yesterday, I noticed that the number of HUD homes available for property investors has increased. But that’s not all. There are more suburban homes on the list, as well, and HUD is ready to make a deal to get these properties off their books.

Here are 3 suburban HUD homes you should consider as a property investor:

The first house I want to mention is 5248 Mardela Drive – New Albany Schools, Westerville address. This home fell out of contract a few times. It’s now listed for $125,000. It certainly needs work. You can probably get it for around $90K. Here’s an insider secret: there’s not much competition, only one bid was submitted when it went in contract last time.

My second buy for investors is the house at 3038 Deepwood Drive in Reynoldsburg. This is a small ranch with an asking price of $62,000. It certainly needs TLC, but it could make a great lease option property. You can probably get it for less than $50K.

The third and final deal I would like to recommend is a country estate. The address is 1942 Country Road 153 in Ashley, Ohio. This is 25 minutes north of the City of Delaware, just off state route 42. It is a huge house of more than 3,000 sqft, 4 bedrooms, a 4 car garage and other outbuildings. It has been remodeled by the previous owner (including new windows, new A/C  and a new roof) and only needs new flooring. The current list price is $144,000, but I believe it will go for around $115,000. I’ve been inside and it is pretty impressive.

Call me at (614) 395-7375 and I will give you my best guess on what I believe HUD will accept.

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, estate, hud listings, property investors

Congratulations Buckeyes! No disappointment with this football team. We are looking forward to the Rosebowl.

Now that football fever is over, you can enjoy the rest of this warm fall weekend to check out a few HUD homes, before winter descends upon us.  We have a great selection of large, suburban homes to choose from. Take a look at these top-notch Columbus houses, with 18 pictures each and a video presentation, and get excited about these exceptional home buying opportunities here in Central Ohio.

Once again we feature 5 Columbus HUD Homes – 3 on the North and West side, 2 in the Brice Road area.

5551 Covington Meadows Dr, Westerville, OH
4BR/2.5BA 2,158 sqft Asking $195,000

245 Emerald Ice Loop, Delaware, OH
4BR/2.5 BA 2,396 sqft Asking $184,000

2005 Friston Blvd, Hilliard, OH
4BR/2.5BA 2,520 sqft Asking $141,000

3100 Legion Ln, Columbus, OH
3BR/2.0BA 1,310 sqft Asking $93,000

3232 Legion Ln, Columbus, OH
 3BR/2.0BA 1,212 sqft Asking $95,000

Call me today at (614) 975-9650 to schedule a showing!

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, suburban

HUD listed 26 new homes today. This is good news for buyers who want to pick up a beautiful HUD home at a bargain price, ready to move in at the beginning of the new year. The selection of Columbus HUD homes is very good, especially in suburban school districts. So, let me point out a few of the upscale Columbus houses you should check out this weekend.
 
Let’s start with a 2100 sqft home in Westerville near Hoover Reservoir. It comes with 4 bedrooms and a wooden deck. Listed for $195K, it is the most expensive home on this week’s map. Considering the area, it may be well worth the price.
 
Then we have a 2300 sqft home at Emerald Ice Loop in Delaware. It features 4 bedrooms, a covered front porch and it is “Insured” for FHA financing. Asking price is $184K. It’s located just south of the City of Delaware.

There’s another 4 bedroom home. This one’s located at Friston Blvd in Hilliard. It is listed for only $141K.
 
The New Albany house at Mardela Drive is back on the market, as well. It is still listed for $125K. You may want to take another look, if you like the north east side of Columbus. If you call me, I may dig up the previously accepted offer from our secret database.

The price of the lake house in Millersport was reduced to $67K, just as I predicted a few days ago. And the forever listed and relisted brick double on 1208 Long Street is back on the market for only $15,000. It was originally listed for $60,000. 

Listing Statistics

Total homes available: 80 (last week: 66)

Owner occupants: 61
All bidders: 19
New listings: 26
Sunday deadline: 15
Relisted/Price reduced: 20
 
Median Price: $73,500 (last week: $70,000)
Average Price: $75,236 (last week: $71,355)
Highest: $195,000
Lowest: $9,000
 
Homes less than $50,001: 28 (last week: 24)
Between $50,001 & $100,000: 31 (last week: 27)
More than $100,000: 21 (last week: 15) 
 
Call me TODAY at 975-9650 to see the newest HUD Homes this 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Delaware, Hilliard, hud listings, upscale, Westerville

As we put together this weeks spreadsheet of relisted Columbus HUD homes available to all bidders, we noticed that many of these homes are outside of the Columbus metro area.  You should not limit yourself to the City of Columbus or its suburbs when you look for great deals. You can find even better buying opportunities in small cities 20 or 30 miles outside fo Columbus. On today’s list you see homes in Newark, Lancaster, Ashley and so forth.

This may not be the time when you are thinking about living at a lake, but that’s exactly were we found a couple of HUD homes at a bargain price.  Two houses on today’s bargain hunter list are at Buckeye Lake. They seem to be great deals, but hard to sell for HUD.

The first one at 143 Elliott Ave is a small 2 bedroom home listed for only $45,000. It is listed as insured with escrow, so I assume it’s in reasonable condition.
 
The other one may offer even more potential. The address is 11917 Broad Street in Millersport. It’s a 3 bedroom, 1600 sqft house and has been on the market for more than a month.
 
Here’s my insider tip: HUD will most likely relist this house on Friday for 10% below the current asking price of $70,000. After the relist, HUD will most likely take offers of $50,000 or even less, especially, if it does not go in contract with an owner occupant.
 
Now consider this: homes sold for $100 a sqft in this area. The Millersport house could be a tremendous deal with lots of equity, but it also would make a nice rental at a very desireable location.

Here’s a summary of the bid results of the Five Gems on the East Side. All of them went in contract for more than asking price!

3578 Creek Meadows Dr, Pickerington, OH
HUGE 4BR/2.5BA 2,396 sqft Asking $150,000
Offer accepted on 11/16/09 for $161,515 — 7.7% above list price

8005 Eurogrey Ct, Blacklick, OH
3BR/2.0 BA 1,220 sqft Asking $99,000
Offer accepted on 11/16/09 for $101,002– 2.0% above list price

7837 Fairfax Loop Dr, Blacklick, OH
3BR/2.5BA 1,808 sqft Asking $113,000
Offer accepted on 11/16/09 for $122,000– 7.9% above list price

4205 Nafzger Dr, Columbus, OH
New Albany Schools, 4BR/2.5BA 1,877 sqft Asking $157,000
Offer accepted on 11/16/09 for $178,000– 13.4% above list price

3169 Thorndyke St, Columbus, OH
4BR/2.5BA 1,972 sqft Asking $101,000
Offer accepted on 11/16/09 for $112,211– 10.9% above list price

Call me at (614) 395-7375 and I will give you my best guess on what I believe HUD will accept.

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

Technorati Tags: Buckeye Lake, Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings

Do you read the property disclosures on the HUD Website? You probably noticed that many Columbus HUD Homes seem to be effected by mold.

Mold occurs frequently in Ohio, especially, if the inside of a house gets wet and there is not enough circulation. Minor mold damage can be remedied by drying out the house, removing any damaged drywall, and treating the effected areas. A full blown mold remediation, however, can be costly and may take some time to complete. Mold may also prevent you from getting FHA financing.

Two of the Columbus houses featured below have some mold damage. We put them at the end of the list and recommend that you don’t waste your time seeing these homes, if you are not prepared to deal with the mold remediation process!

The HUD homes in Grove City on Big Run Ridge and the one in Obetz on Millstone are almost in move in condition. They even come with appliances. The HUD home in Worthington needs some TLC, but it’s a great deal, just behind Worthington Killbourne High School.

Now let’s take a look at 5 Columbus HUD Homes – the first one is in Worthington.

1564 Grayling Ct, Worthington, OH
3BR/2.5BA 1,648 sqft Asking $122,000

3776 Millstone Rd, Columbus, OH
3BR/2.0 BA 1,496 sqft Asking $104,000

2421 Big Run Ridge Blvd, Grove City, OH
4BR/2.5BA 1,780 sqft Asking $125,000

1011 Drayson Dr, Galloway, OH
MOLD, 4BR/2.5BA 2,478 sqft Asking $95,000

639 Chuck Wagon Dr, Galloway, OH
MOLD 3BR/1.5BA 1,200 sqft Asking $85,000

Call me today at (614) 975-9650 to schedule a showing!

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings

I am not superstitious, but isn’t it strange how often the 13th day of a month falls on a Friday? Maybe this is your lucky day …
 
There’s a good selection of new HUD listings. Five are on the southwest side, three in the City of Newark and then there’s one in Worthington. This is rare – I don’t remember seeing many HUD homes in Worthington.
 
On the map you’ll find 11 relists, one of them at 4529 Parkwick Drive in the Grove City area. It is offered for $85,500, which sounds like a good deal. However, there’s a huge transmission tower in the backyard and it is really close to I-270, so you’ll have to deal with a lot of highway noise.
 
On the cheap side, the 3 bedroom home at 146 N Burgess on the Hilltop sold to an owner occupant for $6,457. That’s more than double the asking price of $3,000.
 
The 130 year old brick home on 1155 E. Rich Street is still listed for $9,000. And so is a house at 1603 Minnesota Ave in Linden.
 

Listing Statistics

Total homes available: 66 (last week: 76)

Owner occupants: 47
All bidders: 19
New listings: 15
Sunday deadline: 21
Relisted/Price reduced: 11
 
Median Price: $70,000 (last week: $67,500)
Average Price: $71,355 (last week: $71,663)
Highest: $162,000
Lowest: $9,000
 
Homes less than $50,001: 24 (last week: 28)
Between $50,001 & $100,000: 27 (last week: 33)
More than $100,000: 15 (last week: 15)
 
Call me TODAY at 975-9650 to see the newest HUD Homes this 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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, Homes, HUD, hud listings, Worthington

It may be hard to believe, but most of the new HUD listings from 10 days ago are in contract. There’s hardly anything left on our bargain hunter’s list, which we mailed to our subscribers a few minutes ago.

There’s one home on the list I want to point out to you. The HUD home on 2607 Northwold Road in the Westerville school district, which was listed for $92,000. Earlier this morning it was still available to all bidders, so it was added to our bargian hunter list. I planned to suggest that you offer around $75K for this home, because it is a relist and it needs some work. 

As I checked the listing page this afternoon, the status had changed to “Offer Accepted.” Guess what HUD accepted as its net purchase price: $75,827. That’s a discount of almost 20%.

You may wonder why I was able to suggest an offer that was so close to the final purchase price?  It’s not intuition, but it’s experience and the time I spend continuously tracking HUD’s bidding results. This is how I can accurately predict what HUD should accept. Nobody bets a hundred – but we are getting very good. So, if you decide to work with me, you can benefit from my experience and get the best possible deal on your Columbus HUD home.

Now let’s see how much the featured homes from 10 days ago sold for. The title of the blog post was Grove City HUD Homes on a Halloween Weekend.

4484 Parkwick Dr, Columbus, OH
HUGE 4BR/2.5BA 2,332 sqft Asking $116,000
Offer accepted on 11/9/09 for $116,000  — 100% of asking price

2233 Owl St, Grove City, OH
3BR/2.0 BA 1,195 sqft Asking $100,000
Offer accepted on 11/9/09 for $93,300  — 6.7% discount

2822 Southfield Village Dr, Grove City, OH
3BR/2.5BA 1,395 sqft Asking $105,000
Offer accepted on 11/12/09 for$94,500 — 10% discount

3164 Arrowsmith Dr, Reynoldsburg, OH
3BR/2.5BA 1,534 sqft Asking $95,000
OPEN TO ALL BIDDERS!!

5461 Cherrywood Rd, Columbus, OH
3BR/1.5BA 1,352 sqft Asking $109,000
OPEN TO ALL BIDDERS!!

With regard to Arrowsmith and Cherrywood, I suggest you prepare an offer. You may be able to get a bargain!

Call me at (614) 395-7375 and I will give you my best guess on what I believe HUD will accept.

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings

You probably saw it in the news. The home buyer tax credit will be around for another 6 months. If you felt that you missed out on the $8,000 gift from your government, you have another chance.

Buy one of the wonderful Columbus HUD homes we see listed each week! Not only will you get a great residence below market value, but you will also receive cash back  after closing, complements of the IRS. Time to double your benefits!

Here are the new rules for the home buyer tax credit and how the program was enhanced:

• The tax credit for first time home buyers is still $8,000 (up to 10% of the purchase price).
• There’s a new tax credit for move-up/repeat home buyers. It’s $6,500 (up to 10% of the purchase price) for existing home owners who want to move up or buy a new home. You basically must have owned and lived in your home for 5 years (out of the past 8 years).
• The deadline has been extended until April 30, 2010. You may even close as late as June 30, 2010, as long as you signed a binding purchase contract by April 30, 2010.
• The purchase price must be under $800,000 and the buyer’s income must be less than $125,000 for single taxpayers and less than $225,000 for married couples.

You can read more about the Home Buyer Tax Credit Here.

I believe this is an incredible incentive. I also believe that this will be your last chance to claim the tax credit. Most likely it will not be extended a second time, as we see continued improvement in the housing market. According to a survey by Move.com 5% of Americans plan to buy a home in 2010, because they believe that the market has bottomed out and home prices will increase next year.

Here’s my advice. Take advantage of the winter buying season. The coming months – November, December and January – are usually very slow. There will be plenty of good Columbus houses on the market at even lower prices than we saw last summer.

Keep your eyes open and follow our blog for the best HUD homes in Central Ohio. I can help you find a great deal in the next couple of months, so you can take full advantage of this once in a life time gift from your government.

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

Technorati Tags: Columbus Houses, Columbus HUD Homes, Columbus Realtors, hud listings, tax credit