You probably noticed that we ran a little slow over the past couple of weeks. Don’t worry! I am back in full swing with HUD home previews and maps.
As a matter of fact, we plan to offer an exciting new service this fall. You’ll be the first to hear about it. So, keep reading my posts!
Here are some interesting facts!
Last Friday, on August 20th, 44 properties were relisted by HUD. This number includes the price reductions. Eleven of the HUD homes sold to owner occupants during the past 5 days. The remaining 33 are on the top of the bargain hunter list – we call them boomerangs.
Can you believe that 27 out of the 33 homes were price reductions?
This spells opportunity for HUD home buyers. HUD is eager to get rid of these relisted properties. They had them on their books for at least 40 days, but probably much longer. Based on our statistics I can tell you that HUD will take significant discounts on these homes.
How much?
Call me to get an answer to this question. You will be surprised how low HUD will go!
Summary of Bargains
HUD Homes available to all bidders: 117 (last week: 105)
Boomerang homes (relists from Fri): 33 (last week: 32)
Bidding Results of Featured HUD Homes
Only 2 of my previously previewed homes went in contract recently. Here are the results:
2957 Collier Hill Ct, Hilliard OH
4BR/2.5BA 2,366 sqft Asking $187,000
Offer accepted on 08/16/10 for $187,000 – exactly list price
953 Larkstone Dr, Columbus OH
3BR/2.0BA 1,714 sqft Asking $150,000
Offer accepted on 08/16/10 for $112,000 – 25% below list price
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
