The number of Columbus HUD homes available to all bidders has reached a new high.
Is this bad for owner occupants?
Absolutely not! HUD actually prefers owner occupants. HUD’s objective is to increase home ownership. Since the peak of the housing boom the home ownership rate has steadily decreased in America. So HUD is failing in its mission.
If you are an owner occupant, do not hesitate to submit an offer on a HUD home, even if it is already available to investors. Your chances of winning the bid are excellent!
I have seen many situations where HUD accepted a lower bid by an owner occupant buyer over a higher cash offer from an investor.
Take a look at today’s HUD homes map. It is full of green markers – the locations of HUD homes available to everyone.
You can get your link to today’s HUD homes map by joining our email list. Click on the blue button at the end of this post or enter you email in the box to the right.
You won’t regret it!
Listing Statistics
Total homes available: 193 (last week: 185)
Owner occupants: 86
All bidders: 107
New listings: 26
Sunday deadline: 31
Relisted/Price reduced: 29
Median Price: $70,000 (last week: $70,000)
Average Price: $71,712 (last week: $72,608)
Highest: $188,000
Lowest: $7,000
Homes less than $50,001: 71 (last week: 64)
Between $50,001 & $100,000: 75 (last week: 76)
More than $100,000: 47 (last week: 45)
Call me at 975-9650!
I can fill you in on the best bidding strategy 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
