I have a treat for you!
On Friday I picked 6 suburban Columbus HUD Homes to preview. I don’t always go for the most expensive or largest homes. I rather look for HUD homes that you, our readers, may like.
The six HUD houses you see below are all in the suburbs – in Hilliard, Galloway, Grove City and Reynoldsburg. These Columbus houses are 10 years old or less and 3 of them are larger than 2,000 sqft.
It’s always a surprise when you walk into a new HUD home. It may look perfect from the outside, it may even be listed as “insured” (for FHA financing), but the inside may tell another story.
That’s the case with the Hilliard HUD listing. It looks top-of-the-line based on its description and exterior appearance, but I found a lot of mold in the house.
Mold can be dealt with! It’s not the end of the world.
However, it will cost extra money. I believe that the Hilliard HUD house cannot be purchased with an FHA loan with repair escrow, as repairs will probably exceed $5,000. You may need a 203k rehab loan and it will take longer to get it closed. One of my preferred lenders can close 203k loans in 30 days, as long as contractor quotes are ready and all the other paperwork is submitted in time.
HUD is still eager to sell homes! The list price is not the price you have to offer for the house. Call me for a free consultation, and I will tell you how low you can go with your bid and still have an excellent chance to get your contract accepted.
Here are my 6 HUD picks of this Week!
5930 Heritage Farms Ct, Hilliard OH
4BR/2.5BA 2,347 sqft Asking $185,000
5866 Katara Dr, Galloway OH
3BR/2.5 BA 1,684 sqft Asking $130,000
5931 Westbank Dr, Galloway OH
4BR/2.5BA 1,648 sqft Asking $132,000
4524 Dungannon Dr, Grove City OH
3BR/2.5BA 1,594sqft Asking $115,000
7946 Windrift Pl, Reynoldsburg OH
4BR/2.5BA 2,455 sqft Asking $144,000
7138 Havencroft Dr, Reynoldsburg OH
4BR/2.5BA 2,229 sqft Asking $142,000
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
