Here’s a quick follow-up on the Grove City HUD home at 3418 Grant Ave that was listed for $40,000.
Was it the deal of the year?
As expected, this HUD house went in contract yesterday. The successful bidder offered $82,755, more than double the list price. But it is still a great deal at approximately $50K less than market value.
We noticed that HUD has become more flexible. Recently, they accepted much lower offers than just a few months ago, especially, if there was only one bidder.
Owner occupants seem to get even better discounts than investors. This is understandable, because the HUD program is supposed to promote home ownership.
Unfortunately, I can’t publish the exact numbers, however, they are available to all my customers before we submit an offer!
Today we also reached the one hundred mark: exactly 100 Columbus HUD homes are available to all bidders. Only 16 are boomerang homes that were relisted last Friday. These are the HUD houses where you have the best change to get a low-ball offer accepted.
The double on 2230-32 Pinion Pl in Reynoldsburg is still available. It is currently listed for $130,000. Why not try an offer in the mid $90′s?
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
