HUD Seems Motivated – Accepts Lowball Offers

Written by Susanne Novak on February 24, 2010 – 9:57 pm -

The number of Columbus HUD homes available to all bidders is surprisingly low this week. Most of them are in the city of Columbus and priced below $100,000. This certainly means that suburban HUD homes are selling extremely well.

It appears that HUD is very motivated right now. The article I wrote earlier this year, why you should buy Columbus OH homes for sale in January 2010, still applies to February and maybe even March, especially, if the weather stays cold and snowy.

Now let’s take a look at the list of previously featured Columbus HUD homes below. Most of them sold for less than asking price.

5128 Cherryblossom Way, Columbus, OH
Asking Price: $150,000
Offer accepted on 02/16/10 for $108,255
28% below asking price

4455 Rolling Ct, Grove City, OH
Asking Price: $130,000
Offer accepted on 02/22/10 for $135,000
3.9% above asking price

7557 Liddesdale Blvd, Blacklick, OH
Asking Price: $120,000
Offer accepted on 02/22/10 for $105,000
12.5% below asking price

1478 Halfhill Way, Columbus, OH
Asking Price: $105,000
Offer accepted on 02/22/10 for $104,500
just below asking price

8346 Ashlynd Pl, Reynoldsburg, OH
Asking Price: $142,000
Offer accepted on 02/23/10 for $120,000
15.5% below asking 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