All Columbus HUD homes we featured a week ago are now in contract. Most of the offers were below HUD’s asking price. Here are the details:
171 Beeson Ct, Galloway, OH
3BR/2.5BA 1,272 sqft Asking $110,000
Offer accepted on 3/29/10 for $108,500 – 1.5% below
1224 Riegelwood Ln, Columbus, OH
3BR/2.5 BA 2,072 sqft Asking $120,000
Offer accepted on 3/29/10 for $105,000 – 12.5% below
759 Lilly Landing Ln, Blacklick, OH
3BR/2.5BA 1,966 sqft Asking $138,000
Offer accepted on 3/29/10 for $129,001 – 6.5% below
3331 Crossing Hill Way, Columbus, OH
4BR/2.5BA 1,920 sqft Asking $122,000
Offer accepted on 3/29/10 for $125,000 – 2.5% above
2763 Northwold Rd, Columbus, OH
3BR/2.5BA 1,369 sqft Asking $105,000
Offer accepted on 3/29/10 for $106,500 – 1.5% above
April promises to become a busy month. Many home buyers are in a hurry to write a contract before the home buyer tax credit expires at the end of April. So far, I did not see any serious attempts from Congress to extend the tax credit again. So, don’t delay, if you are in the market for a home, before the spring buying season gets into full swing.
Today we published our weekly bargain hunters list, where we show HUD homes that are available to all bidders. We pay special attention to last Friday’s relists. If they are still available after the 5 day exclusive period for owner occupants, you have an excellent chance of getting a low offer accepted. We call them the boomerang homes, because they keep coming back (were relisted.)
The boomerang homes on today’s bargain hunters list are dominated by 3 Canal Winchester HUD houses listed between $65K and $80K. Before you get too excited about the low asking prices, you have to understand that all of them are in the Columbus City School District. If school district is not important for you, they are excellent deals – they are just a couple of years old.
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
