Columbus HUD Homes

We are back with previews of outstanding Columbus HUD Homes!

For this weekend I picked 3 HUD Homes located in the South East of Columbus, just outside of  I-270 near Reynoldsburg. They are within 5 minutes of each other and none of them is listed for more than $77,000.

These 3 Columbus houses are really great values for first time buyers. They are all in good condition and ready to move in.

At today’s hyper-low interest rates you can live in either of these HUD homes for around $350 a month plus property taxes and insurance. Try to find a rental house for that price.

As a bonus I previewed an almost new, detached HUD condo in Westerville. It was built in 2006 and offers 3 bedrooms and 3 full bathrooms in a small subdivision near Hoover Reservoir.

Here are my 4 HUD picks of this Week!

5111 Fullerton Dr, Columbus OH
3BR/2.0BA 1,708 sqft Asking $75,000

3348 Yozuri Dr, Columbus OH
4BR/3.0 BA 1,948 sqft Asking $77,000

6584 Benjamin Dr, Reynoldsburg OH
3BR/1.0BA 1,260 sqft Asking $75,000

6141 Braet Rd, Westerville OH
3BR/3.0BA 1,892 sqft Asking $150,000

Call me at (614) 975-9650 to see the interior!

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 I picked 5 suburban HUD Homes in Hilliard, Grove City and the Worthington area.

The homes at Larkstone Drive and Stoney Creek are in the Columbus school district. Don’t dismiss them! HUD Homes in Columbus schools may still be great deals, especially in the north west part of the City.

My featured Columbus houses are at great locations in Linwood and near the Olentangy River.

Here are my 5 HUD picks of this Week!

2957 Collier Hill Ct, Hilliard OH
4BR/2.5BA 2,366 sqft Asking $187,000

5073 Langcroft Dr, Hilliard OH
3BR/2.5 BA 1,594 sqft Asking $145,000

3717 Lake Mead Dr, Grove City OH
4BR/2.5BA 2,288 sqft Asking $180,000

953 Larkstone Dr, Columbus OH
3BR/2.0BA 1,714 sqft Asking $150,000

930 Stoney Creek Rd, Columbus OH
3BR/2.0BA 1,652 sqft Asking $188,000

Call me at (614) 975-9650 to see these spectacular homes!

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 once in a while a HUD house stands above the rest. Today is one of these rare occasions.

The Dublin HUD home on Pyramid Falls Drive is truly exceptional. It is only 2 years old, more than 2,200 sqft large and spotless. The kitchen counter-tops are granite with a beautifully tiled back splash. Other upgrades include brushed nickel light fixtures throughout the house, ceramic tile and hardwood floors.

This is a free standing condo, so you don’t have to worry about the yard. However, your condo fees are a whopping $170 per month. And it is located in the Columbus School district.

As a matter of fact 4 of the featured HUD homes are in the Columbus City School District, despite their suburban mailing addresses.  Columbus schools sometimes get a bad rep. However, over the past few years this school district was very successful, significantly improved graduation rates and built more new school buildings than you can count. 12 Columbus high schools were ranked among the best in the nation by US News and World Report.

Here are my 5 HUD picks of this Week!

5149 Pyramid Falls Dr, Dublin OH
3BR/2.5BA 2,420 sqft Asking $179,000

2081 Winding Hollow Dr, Grove City OH
4BR/2.5 BA 1,862 sqft Asking $120,000

502 Tourmaline Dr, Blacklick OH
3BR/2.5BA 1,630 sqft Asking $110,000

4037 Summerstone Dr, Columbus OH
3BR/2.5BA 1,592 sqft Asking $150,000

1735 Westwood Dr, Lewis Center OH
4BR/2.5BA 2,226 sqft Asking $205,000

Call me at (614) 975-9650 to see these spectacular homes!

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

HUD offers truly remarkable Columbus houses for owner occupants.

Take a look at the 5 featured homes below and you will be impressed. These HUD homes contrast the old town charm of Bexley with suburban flair of subdivisions in Westerville, Groveport and Galloway.

The Bexley HUD house is an incredible value. You can see that the previous owner remodeled this HUD home. The comps in this area are $200K – so you can certainly buy it below market value.

If you prefer the suburbs, you have 4 HUD homes to choose from. The house in Westerville looks spectecular, except for one problem: it is located in the Columbus City school district. Despite all of the investment Columbus put in their school system and the significant improvement in graduation rates, it puts you in a disadvantage when you try to sell this home.

In many parts of Central Ohio school districts, mailing address and city services are different. You could live in the City of Columbus, but your subdivision is serviced by Westerville schools. Or the other way around, as is the case with the house on Course Drive.

As your real estate agent, I will certainly alert you, if this is the case. Don’t hesitate to ask your realtor. School districts are one of the most important selection criteria when it comes to buying a new home.

Here are my 5 HUD picks of this Week!

5940 Course Dr, Westerville, OH
3BR/2.5BA 1,897 sqft Asking $164,000

734 S Remington Rd, Bexley, OH
3BR/1.0 BA 1,489 sqft Asking $130,000

4830 Elmont Pl, Groveport OH
4BR/2.5BA 1,946 sqft Asking $135,000

5817 Westbank Dr, Galloway, OH
3BR/2.5BA 1,728 sqft Asking $129,000

5796 Landsview Dr, Galloway, OH
4BR/2.5BA 1,652 sqft Asking $115,000

Call me at (614) 975-9650 to see the inside!

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

The first HUD home I selected for you is a tiny cape cod in Clintonville. Actually, it sits at the very North end of Clintonville near Graceland Shopping Center just south of Morse Road.

Clintonville is a very desirable neighborhood and, therefore, relatively pricey. This HUD house on Royal Forest Blvd is listed for $105,000, which means exactly $100 per square foot.

Are you looking for more house for your money?

I suggest you head East to Blacklick, Gahanna and the east side of Columbus. That’s also where I previewed four more homes for you. They are mostly newer homes and you can have them for as little a $55 per sqft.

Here are my 5 HUD picks of this Week!

181 E. Royal Forest Blvd, Columbus, OH
2BR/1.0BA 1,060 sqft Asking $105,000

932 Keltonhurst Ct, Blacklick, OH
3BR/2.5 BA 2,188 sqft Asking $120,000

399 Hermitage Rd, Gahanna OH
3BR/2.0BA 1,344 sqft Asking $118,000

7773 Farm Hill Dr, Blacklick, OH
3BR/2.5BA 1,652 sqft Asking $112,000

1681 Evinrude Ave, Columbus, OH
4BR/1.5BA 1,608 sqft Asking $105,000

Call me at (614) 975-9650 to write 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

Did you hear about Paul the Octopus correctly predicting World Cup Soccer results?

This is not a joke! Paul the Octopus is an animal oracle, a common octopus that lives in an aquarium in Oberhausen, Germany. Paul became world famous by correctly predicting the results of soccer matches.

So far, his betting record at the FIFA World Cup in South Africa is 100%. That’s incredible! In his latest selection he picked Spain as the World Cup Champion – we’ll see what happens this afternoon.

This begs the question, if we need a “Paul” to predict how low HUD will go when selling their homes.

You don’t need an Oracle to determine what offers HUD will accept!

In the Bargain Hunter email and related HUD Homes post last Wednesday I suggested that you should offer $99K for the HUD house on Oxford Drive in Pataskala. On July 9, 2010, this house went in contract for $99,500!

How’s that for being predictable?

If you are the winning bidder, please write a short comment beneath this blog post or send me an email. I am really proud that I predicted this price correctly, and I am glad you got your contract accepted.

Predicting the selling prices of HUD homes does not require an oracle. It just takes experience. This is what you get, if you work with us. Our track record of selling HUD homes is second to none, and we are offering the right price 90% of the time. Work with me, and you will get access to the most comprehensive database of HUD bidding statistics in Central Ohio.

You don’t need an octopus to get the best deal on a HUD home – I will ensure you find a winner!

Here are my 5 HUD picks of this Week!

2821 Dover Road, Columbus, OH
3BR/1.0BA 1,587 sqft Asking $82,000

6752 Jennyann Way, Canal Winchester, OH
4BR/1.5 BA 1,640 sqft Asking $110,000

1575 Lancaster Ave, Reynoldsburg, OH
3BR/1.0BA 1,452 sqft Asking $119,000

8514 Old Field Birch Dr, Blacklick, OH
3BR/2.5BA 2,456 sqft Asking $148,000

3840 Willowswitch Ln, Columbus, OH
3BR/2.0BA 1,200 sqft Asking $75,000

Call me at (614) 975-9650 to write 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

Happy Independence Day!

Did you have a chance to watch fireworks, yet? Enjoy this day with your family! You have until Monday midnight to submit your offer on the HUD house of your dreams.

Do you remember last week’s list. We featured some really exciting Columbus houses, including the the HUD home at at Copper Ct in Grove City. That’s the huge 3,370 sqft, 4 bedrooms residence, with 3 full and 2 partial bathrooms, a 3 car garage and cherry wood kitchen cabinets in Grove City. It is exclusively available for owner occupants until Monday. It may be a little pricey at $234K, but you get a lot of house for the money.

If you can wait another week, then take a few minutes and look at my 5 new HUD home previews. These Columbus houses are on the East Side of Columbus. We feature homes in Pickerington, Blacklick/Gahanna, Westerville and 2 near Easton.

Here are my 5 HUD picks for Independence Day!

2058 Hegemon Crest Dr, Columbus, OH

3BR/2.0BA 1,216 sqft Asking $90,000

4315 Grays Market Dr, Westerville, OH

4BR/2.5 BA 1,771 sqft Asking $145,000

6928 Granite Falls, Blacklick, OH

4BR/2.5BA 1,456 sqft Asking $142,000

1889 Daisyfield Dr, Columbus, OH

2BR/2.5BA 1,356 sqft Asking $75,000

7489 Crooked Stick Dr, Pickerington, OH

3BR/1.5BA 1,232 sqft Asking $114,000

Call me at (614) 975-9650 for showings! And have a Happy Independence Day!

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 have a treat for you!

This weekend I am previewing some of the most exciting HUD homes deals in suburban Columbus. We’ve got them all: from Lewis Center in the North, through Dublin and Hilliard, down to Grove City, where you can find the largest HUD house of the year.

I mentioned it in my previous post, but it’s worth repeating. The HUD house at Cooper Ct in Grove City is 3,370 sqft large, with 4 bedrooms, 3 full and 2 partial bathrooms, a 3 car garage and cherry wood kitchen cabinets.

If you are looking for an upscale, executive home at a great price, then don’t miss this one!

Call me today! I can give you tips on how much you should offer to win your bid!

Here are my 5 HUD picks of this week!

275 Conner Ln, Lewis Center OH
3BR/2.0BA 1,666 sqft Asking $120,000

6013 McCotter Road, Dublin OH
3BR/2.5 BA 1,897 sqft Asking $112,000

5601 Fescue Dr, Hilliard OH
3BR/2.0BA 1,666 sqft Asking $118,000

2054 Emerald Way, Grove City OH
3BR/1.5BA 1,642 sqft Asking $108,000

5825 Copper Ct, Grove City OH
4BR/3.5BA 3,370 sqft Asking $234,000

Call me at (614) 975-9650 – I will take good care of you and your family!

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

Earlier this week HUD announced a major change in who will manage their assets (HUD Homes).

Here’s what’s happening. HUD has always used private companies to manage the sale of HUD homes as well as perform the maintenance. For the past 2 years NHMS was in charge of the State of Ohio. They filled both roles. NHMS sold properties through local Columbus real estate agents and they hired maintenance firms to take care of the properties. These are the companies we have to ask for permission to turn utilities on before home inspections.

This week HUD selected 3 firms to manage the sale of HUD homes in Ohio. These companies will take over sometime in summer, however, no schedule has been published yet. We do not know exactly how this transition will occur.

This may open up a tremendous opportunity for home buyers!

Let me explain.

The last time a new management firm (NHMS) took over from the previous company, all HUD homes sales were shut down for 45 days. This means no new HUD homes are listed during the transition – so you couldn’t make any offers on HUD homes either.

We believe that NHMS will try to get more contracts before this transition. It is in their best interest to sell as many Columbus HUD homes as possible before the management contract transfers.

This is your opportunity to get a great deal! They will accept lower offers to secure contracts. We already see purchase offers of 70% of list price accepted on Columbus houses . This was unheard of just 6 months ago.

If you are serious about buying a HUD house, then NOW is the best time! We don’t know when and for how long they may shut down HUD listings.

Do not delay! Call me today and let’s work out a strategy, so you can take advantage of this excellent opportunity.  You may get the best deals of the year in the next couple of months!

Here are my 5 HUD picks of this week!

5564 Buxley Dr, Westerville OH
3BR/2.0BA 1,252 sqft Asking $120,000

1356 Cardwell Sq S, Columbus OH
3BR/2.0 BA 1,584 sqft Asking $85,000

6804 Centennial Dr, Reynoldsburg OH
3BR/1.5BA 1,248 sqft Asking $95,000

3083 Framingham Cir, Columbus OH
4BR/2.5BA 1,964 sqft Asking $115,000

1321 Serenity Ln, Worthington, OH
3BR/2.5BA 1,394 sqft Asking $115,000

Call me at (614) 975-9650 – before HUD terminates listings before the new manager takes over!

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

Four of the Columbus HUD homes I previewed this week are insurable. This means that you can buy them with a regular FHA loan and that these Columbus houses should not need any repairs.

The last HUD house on my list, however, is listed as uninsured.

Normally, this indicates that the house has extensive damage and needs more than $5,000 in repairs. You can’t buy a HUD house that’s tagged uninsured with a standard FHA loan. You would have to use a 203k rehab loan instead. These loans are harder to close and require more documentation, such as detailed repair quotes from contractors.

Why is the house at Geranium Drive in Lewis Center uninsured?

Take a look at my pictures! I did not see any visible damage or mold. It looks like a great house for only $160K.  Other homes in that area used to sell for up to $250,000. Is it a diamond in the rough? Or, are there hidden defects that are not visible to the naked eye.

I’d say it’s worth taking a look at it. Your home inspection will uncover any hidden problems.

In the best case you will end up with a nice house substantially under market value.

In the worst case, you may have to cancel the contract.

Here are my 5 HUD picks of this week!

5231 Bonner Dr, Hilliard OH
3BR/2.0BA 1,630 sqft Asking $130,000

1895 Bay Port Dr, Columbus OH
3BR/2.5 BA 1,920 sqft Asking $125,000

362 Scioto Meadows Dr, Grove City OH
3BR/2.5BA 1,892 sqft Asking $135,000

6944 New Albany Rd E, New Albany OH
3BR/2.0BA 1,608 sqft Asking $166,000

1661 Geranium Dr, Lewis Center OH
4BR/2.5BA 2,249 sqft Asking $160,000

Call me at (614) 975-9650 – let’s see, if the Lewis Center house is a winner!

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