Columbus HUD Homes

We have another snowy weekend ahead of us. There are many great Columbus HUD homes available, but most of them require an offer by Sunday midnight (if you are an owner occupant).

This week’s HUD homes map is dominated by relists (22) and by HUD houses available to all bidders (46). With only 6 new HUD listings – that’s a historic low – there’s nothing new in the suburbs. 
 
This is a clear sign that it is more difficult to get a loan on HUD homes these days. And FHA announced that lending guidelines will be even stricter this spring as the housing market recovers.
 
I recommend that you focus your attention on the relists. Not only will you find many nice, suburban homes in this group (yellow on the map), but you will also have the best chance of getting a lower offer accepted. 

Listing Statistics

Total homes available: 102 (last week: 114)

Owner occupants: 56
All bidders: 46
New listings: 6
Sunday deadline: 28
Relisted/Price reduced: 22
 
Median Price: $69,000 (last week: $71,325)
Average Price: $73,950 (last week: $75,564)
Highest: $185,000
Lowest: $8,800
 
Homes less than $50,001: 33 (last week: 36)
Between $50,001 & $100,000: 46 (last week: 48)
More than $100,000: 23 (last week: 30)

Call me TODAY at 975-9650, if you would like to check out a few homes! 

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